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(Not) Keeping Up with the Joneses

Despite receiving steady income, approximately 58 percent of U.S. military members stated they found it difficult to cover their monthly expenses and pay bills, according to the Financial Industry Regulatory Authority Foundation’s Military Service Member Money Survey 2010.

This shocking statistic does much to detract from the myth that everyone in the military is rich or at least well off, said Gerald Williams, MBA, a financial management consultant with Marine and Family Programs, Marine Corps Community Services here.

“People tend to think since service members are guaranteed a check on the f...

 

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