A report finds that middle-class servicemembers and their families are showing a keen interest in monitoring their money.
According to a release from the company, the First Command Financial Behaviors Index reveals that 92 percent of middle-class military families (senior NCOs and commissioned officers in pay grades E-6 and above with household incomes of at least
The three most commonly-cited behaviors are monitoring their:
-Credit card statements (77 percent)
-Bank statements (76 percent)
-Pay stubs (62 percent)
Members of the general population are similarly diligent about performing these three key behaviors; however, military families are more likely to frequently check:
-Personal stock investments (41 percent of military respondents versus 30 percent of the general population)
-Credit scores (28 percent versus 15 percent)
-Interest rates on deposit accounts (24 percent versus 14 percent)
-Rates on loan accounts (22 percent versus 11 percent)
"There has never been a more important time for military families to be diligently tracking their finances," said
Compiled by Sentient Decision Science, the First Command Financial Behaviors Index assesses trends among the American public's financial behaviors, attitudes and intentions through a monthly survey of approximately 530 U.S. consumers aged 25 to 70 with annual household incomes of at least
Sentient Decision Science (SDS) is a behavioral science and consumer psychology consulting firm with special vertical expertise within the financial services industry.
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