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<p>This study evaluates demographic and attitudinal characteristics that explain variations in perceived financial condition (PFC) of Navy enlisted personnel using data from the 1999 Department of Defense (DoD) Survey of Active Duty Personnel (ADS). The ADS includes questions about: background information, economic issues, family information, programs and services, military life, career information, and assignment information. Two ordinal logistic regression models were estimated and used to explain variations in the PFC levels of married and single marital status samples of 2,362 and 1,309 U.S. Navy enlisted personnel, respectively. Results provide evidence that PFC levels are significantly affected by dependents, job satisfaction, household residence type, race/ethnicity, time away from homeport (married only), education (single only), paygrade, age, and pecuniary characteristics (gross income, savings, unsecured debt). Further study is recommended to incorporate PFCs into cost estimates addressing the full impact of financial problems. Additional study is also recommended to refine demographic profiles in targeting persons who may benefit most from financial counseling, military housing, and DoD college programs.
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<br>Subjects: Finance, Personal; Management; Finance; Sailors; Marriage; Wages</div>
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Milinkovich, Steven M.</div>
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