Those who dedicated their lives to serving are now left vulnerable to debt
Serving in the military doesn’t guarantee stable finances, says a new study from financial wellness service Zebit. Sixty-five percent of participants say they feel stressed about their military debt and financial situation. And that’s not the worst part…
- 20 percent struggle with money/live paycheck-to-paycheck
- 40 percent feel as though the military community doesn’t have enough options when it comes to buying costly items
- 67 percent would resort to using a credit card as means to pay for a $500-$1,000 purchase
- 44 percent have credit card debt. Nearly a third owe $5,000 or more (29 percent)
Zebit CEO Michael Thiemann said that these statistics show an “unfortunate reality of revolving debt and increased stress levels [for military personnel].”
Article last modified on July 12, 2017. Published by Debt.com, LLC .