Members of the military are increasingly worried about how they are going to make ends meet in retirement.
A survey from the First Command Financial Behaviors Index showed that 68 percent of middle-class military families — which includes senior non-commissioned officers and commissioned officers with incomes above $50,000 a year — agree that today's active military will not be able to retire as comfortably as prior generations. That was an increase of 11 percentage points from last year's survey.
Downsizing of the Defense Department and cuts being made because of congressional haggling have led more than one-third of military families to believe they will be living on reduced retirement benefits.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
