What is the Financial Behaviors Index?
The First Command Financial Behaviors Index® assesses the financial behaviors, intentions and attitudes of career military families and the general population. Insights are collected through a monthly survey of approximately 530 U.S. consumers, including 200 active-duty service members and military spouses in pay grades E-5 and above.
The Index was created in 2008 to provide timely data and analysis to the news media and the public. It has been used to explore personal financial issues related to a variety of newsworthy events, including the 2007-2009 recession, defense sequestration and the Blended Retirement System. To learn more about the First Command Financial Behaviors Index, contact us at firstname.lastname@example.org.
Percentage of career military families with a financial advisor who feel extremely or very confident that their financial situation will improve in the next year. That compares to just 49% of those without an advisor.*
Career military families with a financial advisor report on average about $131,000 more in accumulated savings and retirement funds than those without a financial advisor.*
Percentage of career military families with a financial advisor who feel extremely or very confident in their ability to retire comfortably. That compares to just 34% of those without an advisor.*
* First Command Financial Behaviors Index®, Q1 2019