033 Military Families in Financial Crisis
America's military families are in trouble:
--74% can't afford their housing costs on BAH alone
--76% state they need more money to make ends meet
--76% say they need their spouse to work to make ends meet
--57% of them are single-income households
There's no denying it: the military lifestyle is hard. But this isn't 2005, and it doesn't have to be. 3 out of 4 military families report financial distress, from housing costs, to covering monthly expenses, to child care, to saving enough to become homeowners or for retirement. And yet military families are also living in a historical vortex in which they still believe they can get by with a single income and a stay-at-home partner to take care of the house and kids. But 3 out of 4 of us say they need their partners to work just to get by. The numbers just don't add up.
This week's episode is a strong Call To Action (CTA) to our military leaders -- not the ones in the pentagon, but the ones on the front lines, from E4s and O1s to E8s and O5s, to start educating the Force and our military families on how to become Financially Stable . . . Financially Able . . . and ultimately Financially Free. It is all within your grasp.
When 1 of every 2 military divorces cite financial hardship as the main reason for the breakup; when 1 in 2 military suicides is traced by to financial stress, it becomes clear that WE CANNOT AFFORD to avoid financial education in the military any longer. This week's episode discusses the problems, their causes, and some easily actionable solutions to help our military families escape from financial traps. But you can't just listen to the Podcast: once you listen, you'll need to act. Help us all out, by helping those in your charge.
Don't miss an episode: subscribe today on Apple or Spotify today, and opt-in to our weekly newsletter by signing up HERE!
Time is almost up to pre-order our mini-course, "Financial Freedom in the Military" and get FREE access to the course when it launches!!! Sign up here: https://www.militarywealthcoach.com/joinus
For a complete library of our episodes, blog posts, and more, visit www.militarywealthcoach.com, and follow us on all the socials by searching for Military Wealth Coach or @mwc112358.
