Nov 2011, , ,
Emergency Funds and Savings among Service Members
Using data from a survey of young, enlisted Army service members, we explore whether soldiers have emergency funds and other types of savings. We find different sets of predictors for having an emergency fund and for the amount held in the fund. In general, education and money management experiences, both in the military and pre-military, are associated with having an emergency fund as well as having other forms of saving.