Reference:
Military Family Research Institute. (2004). The financial landscape for military parents of young children. West Lafayette, IN: MacDermid, S., Strauss, R., Robbins, N., Wenz, H., Chang, Y., Schwarz, R., Weiss, H.
Summary:
This report examines the income and expenditure patterns of military parents of children younger than six. Findings come from analyses of the 1999 Active Duty Survey, the 1999 Survey of Permanent Change of Station Costs, the 1998 Consumer Expenditure Survey, the 1999 Living Patterns Survey, DoD compensation tables, and state self-sufficiency budgets. Four questions are addressed:
- What are the characteristics of military families who are at high financial risk?
- How do expenditures of military families compare to those of civilians?
- How do the income and expenditures of military families compare to those of self-sufficiency standards?
- Why might military families experience financial risk? Suggested recommendations to follow.