Analysis of Perceived Financial Conditions of US Navy Enlisted Personnel
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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This study evaluates demographic and attitudinal characteristics that explain variations in perceived financial condition PEC 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 PEC levels of married and single marital status samples of 2,362 and 1,309 U.S. Navy enlisted personnel, respectively. Results provide evidence that PEC levels are significantly affected by dependents, job satisfaction, household residence type, raceethnicity, 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 PECs 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.
- Economics and Cost Analysis
- Personnel Management and Labor Relations
- Military Forces and Organizations