Financial Health in the Navy: Results of the 2014 Quick Poll

Abstract

The 2014 Financial Health Quick Poll is the fourth in a series of Quick Polls, previously conducted in 2008, 2009, and 2011. The issues assessed included financial health of Sailors, use of financial counseling, financial goals, residences, and PCS moves. Results overall are very positive: most continue to describe their financial condition as "very comfortable" or "able to make ends meet," most were able to meet their financial obligations, and the majority contribute to the Thrift Savings Program (TSP) and savings accounts. Solutions suggested by respondents to reduce financial stress include subsidizing transportation costs, offering spouse employment opportunities, stabilizing work schedules to allow for 2nd jobs, and making child care more available and affordable. Only 35% of enlisted say they are "adequately paid" for the work they do and 82% of enlisted say civilians doing a similar job are paid more.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2015
Accession Number
ADA619303

Entities

People

  • Zannette A. Uriell

Organizations

  • Navy Personnel Research, Studies, and Technology

Tags

Communities of Interest

  • Biomedical

DTIC Thesaurus Topics

  • Business Administration
  • Department Of Defense
  • Employment
  • Enlisted Personnel
  • Families (Human)
  • Financial Management
  • Management Personnel
  • Military Families
  • Military Personnel
  • Military Research
  • Naval Operations
  • Naval Personnel
  • Personnel Management
  • Students
  • Transportation
  • United States
  • War Colleges

Readers

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