Financial Health Statistics

Exploring military and veteran family finances is a core research priority for MFAN.

In the 2021 Military Family Support Programming Survey, a series of qualitative and quantitative questions explored the topic of finances in depth. Our research showed:

• Over three-quarters (75.8%) of military and veteran family respondents indicated they carry debt.
• Slightly more than half (51.2%) of military and veteran families stated they had experiences barriers to saving money over the past two years.
• Among veteran families, 38.4% of respondents reported they have less than $500 in an emergency savings fund, or no fund at all.
• 80.7% of respondents indicated that their finances cause them at least some stress over the past 12 months.

Visit the Research & Reports page for more details on MFAN’s research findings on financial topics for our military family communities.