Changes in Bankruptcy Rate for U.S. Population May Not Be Indicative of Changes for Military Personnel

Changes in the rate of bankruptcy filings for the U.S. population may not readily translate into comparable rate changes for active duty military personnel. Among the factors that suggest caution in generalizing the 23.6 percent increase found in the U.S. population to the active duty military personnel population are changes in civilian unemployment rates and military cash compensation. Also, DOD has reported that it has placed additional emphasis on financial counseling since the 1999 survey data were gathered.

Last reviewed October 2024