Military Millennials Don’t Know How To Reach Their Lofty Spending Goals

Community

A recently released Navy Federal Credit Union survey revealed a gap between millennial service members’ concerns about their financial solvency and how they manage their money.


The vast majority of the 1,312 respondents polled have lofty financial goals, both short term and long term, but don’t believe they have the financial knowledge to achieve them.

Related: Give Millennials A Chance To Show Their Patriotism The Right Way »

In the report, which was conducted by Forrester Consulting Solutions, only 47% of military millennials say they know enough to meet their financial goals — a much lower percentage than respondents in years previous. Still, 92% place a high importance on retirement, and 83% hope to purchase a home within the next five years.

“While the majority of millennials feel they don’t know enough about how to manage their finances, they don’t seek out professional or outside guidance as they prefer to do their own research and make their own financial decisions,” reads the report.

DoD photo by Petty Officer 2nd Class LaTunya Howard
(Islamic State Group/Al Furqan Media Network/Reuters)

CAIRO (Reuters) - After losing territory, ISIS fighters are turning to guerrilla war — and the group's newspaper is telling them exactly how to do it.

In recent weeks, IS's al-Naba online newspaper has encouraged followers to adopt guerrilla tactics and published detailed instructions on how to carry out hit-and-run operations.

The group is using such tactics in places where it aims to expand beyond Iraq and Syria. While IS has tried this approach before, the guidelines make clear the group is adopting it as standard operating procedure.

Read More Show Less
(U.S. Air Force/Airman 1st Class Alexandria Crawford)

A new survey of thousands of military families released on Wednesday paints a negative picture of privatized military housing, to say the least.

The Military Family Advisory Network surveyed 15,901 adults at 160 locations around the country who are either currently living in privatized military housing, or had lived in privatized housing within the last three years. One of the report's primary takeaways can be summarized in two lines: "Most responses, 93 percent, came from residents living in housing managed by six companies. None of them had average satisfaction rates at or above neutral."

Those six companies are Lincoln Military Housing, Balfour Beatty, Hunt, Lendlease/Winn, Corvias, and Michaels.

What's behind these responses? MFAN points to the "culture of resilience" found in the military community for why military families may be downplaying the severity of their situations, or putting up with subpar conditions.

"[Military] families will try to manage grim living conditions without complaint," MFAN says in its report. "The norm of managing through challenges, no matter their severity, is deeply established in military family life."

Read More Show Less

The F-35 Joint Strike Program may be the most expensive weapons program in modern military history, but it looks as though the new border wall is giving the beleaguered aircraft a run for its money.

Read More Show Less
(Associated Press/Austin American-Statesman/Jay Janner)

A Texas judge has ruled that a negligence lawsuit against the U.S. Air Force and the Department of Defense filed by victims of the Sutherland Springs church massacre in 2017 can go forward.

The suit meets the criteria to fall under the Federal Tort Claims Act, which allows people to seek damages in certain cases if they can prove the U.S. Government was negligent, The Dallas Morning News reported.

Under most circumstances the doctrine of sovereign immunity protects the government from lawsuits, but in this case U.S. District Judge Xavier Rodriguez held that failure of the U.S. Air Force and the Department of Defense to log shooter Devin Kelley's history of mental health problems and violent behavior in an FBI database made them potentially liable.

Read More Show Less

Editor's Note: This article by Amy Bushatz originally appeared on Military.com, a leading source of news for the military and veteran community.

ABOARD THE USS THEODORE ROOSEVELT -- Loose lips sink ships, but do they reveal too much about the hugely anticipated "Top Gun" sequel, "Top Gun: Maverick," filmed onboard in February?

Not on this carrier, they don't. Although sailors here dropped a few hints about spotting movie stars around the ship as it was docked in San Diego for the film shoot, no cats — or Tomcats — were let out of the bag.

"I can't talk about that," said Capt. Carlos Sardiello, who commands the Roosevelt.

Read More Show Less