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General
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Financial
Distress
Bankruptcy
 

Financial Problems

Marine receives financial counseling.Financial challenges can arise from unanticipated emergencies or financial mismanagement. Financial hardships (e.g., difficulty paying bills), usually a result of poor financial literacy, are commonly found in demographic groups such as junior enlisted service members, single parents, newly divorced or separated individuals, service members with dependents having physical problems, newlyweds, and individuals who have recently relocated. Financial strain may cause behavioral changes in an individual and has been linked to depression, which can impact duty performance, mission readiness, and interpersonal relationships. If a Marine is at risk for personal problems, marital problems, or suicide, that risk is exacerbated in times of financial stress.Nearly $5,500 in 'funny money' was distributed to locals during the combined effort of MEU support elements at MAGTFEX. The exercise was part of pre-deployment work-up training for WESTPAC-05.
Photo by: Cpl. Andy Hurt

For more information on this topic to include definitions, risk factors, why Marines may not seek help, and prevention, please select the general information tab above. If you are looking to solve a specific problem please select one of the specific problem tabs above. Under each specific problem you will find an overview that discusses the specific problem as well as what to look for, what to do, what to avoid, what to expect after taking action, and troubleshooting.

 

 
 
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