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.


 
 

 

Lightning II debrief …

Staff Sgt. Staci Miller Senior Airman Roger Combs, 61st Aircraft Maintenance Squadron crew chief, downloads information from an F-35 Lightning II engine at Luke Air Force Base. Since 2010, more than 1,800 maintainers have been trained on the F-35. The first production F-35A rolled out of assembly in February 2006 in Fort Worth, Texas. Later...
 
 
Courtesy graphic

Commons provides ‘crib’ for Airmen

Courtesy graphic The Community Commons concept design. Renovation has begun and will be completed in May 2016. The Luke Air Force Base Community Center, Bldg. 700, where the 56th Aerospace Medicine Squadron Wellness Center resi...
 
 

How do you stack up?

With upcoming changes to the enlisted performance report and Air Force promotion system, it’s important to understand how you stack up against your peers, not only within your job, but within your unit as well. The days of receiving time in grade and time in service points are numbered. They are being replaced with a...
 

 

CCAF offers jump on education

The Community College of the Air Force was established in 1972 to recognize academic achievements for technical training by Air Force schools. It awards an associate in applied science degree to enlisted members of the active-duty Air Force, Air National Guard and Air Force Reserve Command who have completed the course work. Degree programs are...
 
 
Johnny Saldivar

Roberson takes command of AETC

Johnny Saldivar Lt. Gen Darryl Roberson, Air Education and Training Command commander, speaks during the AETC change of command ceremony Tuesday at Joint Base San Antonio-Randolph, Texas. Roberson is a command pilot who has mor...
 
 
4_150710-F-NQ441-5x7-036

Salutes and Awards

FWSA announce awards The following individuals are quarterly awards winners: 56th Fighter Wing Staff Agencies Airman: Senior Airman Leanne Mathews NCO: Staff Sgt. Natalie Nelson Senior NCO: Master Sgt. Deanna Commack Company gr...
 




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=""> <s> <strike> <strong>