Veterans and Military Personnel Financial Education Center
Current and former military personnel face unique financial situations and considerations such as deployment abroad coupled with their need to follow payment schedules in the U.S. These money management challenges often lead to failure to pay household expenses, heavy reliance on mortgage options to finance housing, and significant credit card usage and debt. In fact, 93% of military personnel have a mortgage and 91% have at least one credit card. Furthermore, current and former military credit card users are more likely to have debt than civilians. These challenges continue post-deployment as service members face new financial problems, including over 30% unemployment for veterans between the ages of 18 and 24.
As experts in money management, budgeting, and financial education, American Consumer Credit Counseling is well equipped to assist veterans with their unique financial challenges. We have created the Veterans and Military Personnel Online Financial Education Center to assist former and current military members with their financial planning and analysis.
Through the Veterans and Military Personnel Online Financial Education Center, ACCC aims to provide veterans and current military personnel with the information and tools to evaluate their current financial situations and create targeted plans to solve their financial problems.
ACCC hopes to help ease the transition for veterans, service members, and their families by providing the knowledge needed to make the most informed financial decisions possible.