Local

July 11, 2014

Financial readiness campaign kicks off Wednesday

56th FSS A&FRC

The complexity of today’s financial environment combined with the realities of military life present special financial challenges for service members and their families. Frequent relocation, a steady paycheck, separation from family and friends, and the stresses of deployment can make military households an attractive target for scam artists.

In recognition of these challenges and the vulnerabilities military families face, the Defense Department provides a range of services, support and protections that help service members and their families achieve financial stability and avoid financial pitfalls.

As part of its ongoing Financial Readiness Campaign, the DOD conducts regular outreach to educate military audiences about financial readiness topics.

The DOD has teamed with the Federal Trade Commission and is collaborating with other organizations, including the Consumer Financial Protection Bureau and the Consumer Federation of America, to launch HYPERLINK “http://www.military.ncpw.gov/” Military Consumer, a campaign to equip the military community with tips and tools to be informed consumers and promote financial readiness.

Military Consumer, a year-round campaign, will kick off Wednesday with Military Consumer Protection Day.

Service members’ readiness depends on good personal financial management, including awareness of consumer protection information.

The financial condition of military members and their families also may render them vulnerable to financial scams. They also face not having enough money. According to “Quick Compass of Financial Issues” released in 2013 by the Defense Manpower Data Center, during the past 12 months, 43 percent of service members or their spouses/partners experienced a financial shortfall. This number increased to 51 percent for those in the ranks of E1-E4. Twenty-one percent of E1-E4s have no emergency savings fund, and another 9 percent have less than $100 in emergency savings. Thirty-three percent of service members describe their financial condition as difficult, and 20 percent describe their financial condition as being worse than it was 12 months ago.

To schedule an appointment with a financial counselor, call 623-856-6550 or visit the 56th Force Support Squadron Airman and Family Readiness Center.




All of this week's top headlines to your email every Friday.


 
 

 
140805-F-LW839-135cropped

Ramping up …

An F-35 Lightning II joint strike fighter prepares to land Aug. 5 at Luke Air Force Base. This is the fifth F-35 aircraft currently assigned to the 61st Fighter Squadron with more on the way before the end of the year.
 
 

Contract signed to improve base for years to come

Being the largest fighter wing in the Air Force has its costs. Everything from school quality, the local economy, crime rates, traffic and climate, to on-base amenities, such as commissaries, are assessed to determine the best Air Force bases in the US. In order to keep the living standards high for all Airmen at Luke...
 
 

Knocking it out of park means excellence

Over the past several years the Defense Department has seen an unprecedented reduction in force. Twenty years ago when I was a young Airman learning the Air Force ropes, our active-duty force was more than 421,000 strong. Today, our end strength stands at just over 323,000 Airmen, a reduction of roughly 100,000 personnel. Because of...
 

 

Gut check: Where do you stand?

Since the beginning of our Air Force careers, the majority of us have been taught that in order to lead, we need to lead by example and lead from the front. Today, that has not changed. However, as we all know, it is virtually impossible for all to be in front at the same time,...
 
 
Airman 1st Class 
JAMES HENSLEY

Nursing fellows take on trauma training

Airman 1st ClassJAMES HENSLEY Chief Master Sgt. John Mazza, 56th Fighter Wing command chief, and Brig. Gen. Scott Pleus, 56th FW commander, congratulate the 56th Medical Group nurses who graduated from the Critical Care and Eme...
 
 

News Briefs August 15, 2014

Base-wide exercise The 56th Fighter Wing will conduct an active-shooter exercise today. The exercise will include military and local, county and state law enforcement, and fire departments. On and off-base residents should expect traffic disruptions, gate closures or delays, and interruptions of customer service operations. Expect to see simulated explosions, smoke, role players depicting indiv...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>


Directory powered by Business Directory Plugin