Soldiers Losing Financial Battle
By Tom Shoop | Friday, October 20, 2006 | 09:00 AM
By Tom Shoop | Friday, October 20, 2006 | 09:00 AM
Military service members are falling deeper and deeper into debt, AP reports today. The number of troops not allowed to deploy overseas because they're so far in debt that they're considered security risks has climbed "dramatically" in recent years. Reasons for the problem:
- Service members' lack of financial acumen.
- Reckless spending among those thrilled to make it home alive after a tour of duty.
- The growth of predatory "payday lenders" near military bases.
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Government Executive Editor Tom Shoop takes a look at news and events affecting the federal bureaucracy, from the perspective of a longtime observer of government.
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