Make The Holidays Brighter for America’s Military Families
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The U.S. economy – at least in certain markets – is booming like it hasn’t boomed in two decades. Unemployment is at a record low. Consumer confidence is up. Retailers have their fingers crossed for robust holiday spending.
This buoyant mood must translate into increased holiday spending for military families, right? Surely, the people who sacrifice the most for us share in America’s renewed holiday spirit, right?
Unfortunately, that does not seem to be the case. One of the concerning contributing factors is that credit card debt is on the rise, with military family debt increasing at the same time the cost to borrow is growing.
Military families in 2018 are feeling a financial pinch. According to the Military Holiday Spending Survey, an annual online poll jointly conducted this year by Military Spouse magazine and financial lender Pioneer Services, only one in ten military families plans to spend moreon the holidays. Indeed, some 42 percent of military families say they’re spending less this year. While spending less can be a good thing, the data shows a more concerning reason for why military families are cutting back.
Source:
Town Hall
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