WEAR - Search Results
Navy Federal study shows military better with finances than civilians
When it comes to handling their finances, who does it better? According to a recent survey by Navy Federal Credit Union and research firm, ORC International, people who put on the uniform does it better than people in the civilian world.
Those serving in the military develop a lot of skills not just for the battlefield, but in their wallets too. Especially the millennial generation, people ages 18 to 34 years old.
"I think the kids take care of their money better than we did, we were the fun people, we were the other age" said Debbie Calvin, Escambia County Resident.
Navy Federal Credit Union took part in the research survey to see who manages their finances better.
"The active duty members were actually a little better on the savings side and a bit better prepared to handle events that might occur" said Susan Myer, Navy Federal Credit Union.
The survey looks at things like who has a savings account, who checks their credit score more and who's better able to handle an emergency. Across the board, the survey found active duty millennials are better off with their money when compared to the general population.
Vanesa Whitaker agrees with the study. She credits the structure that the military provides to service members.
Vanesa Whitaker - Escambia County:
"I would definitely say I can see how the military would have an advantage with that" said Vanesa Whitaker, Escambia County resident.
The survey also found millenials both civilian and active duty are optimistic about their futures and the economy.