Title: FINRA Featured Breakout Session - The Financial Welfare of Veteran Households
Thursday, November 16th, 2017
Using data from the FINRA Investor Education Foundation's National Financial Capability Study, this analysis finds that after controlling for important demographic variables veterans are experiencing slightly better financial outcomes than non-veterans, but there are some areas where veterans could improve. Veterans have better overall financial standing and better savings outcomes, but they also have more problems with spending relative to comparable non-veterans. Veterans experience better employment outcomes, but worse housing outcomes. In addition, veterans who separated from military service longer ago are less satisfied with their financial condition than those who separated more recently, despite reporting more stable income.
Session Slides: 127278-2-47068.pdf