Concept image with note asking about financial readiness

Financial readiness lagging in career military

| April 3, 2017

Seven out of ten career military families were unable to earn a passing grade on a recently-administered financial readiness test, raising concerns about service member preparedness for increased financial decision making under the new Blended Retirement System.

Results of the sixth annual financial readiness test and survey commissioned by First Command Financial Services, Inc., in partnership with the First Command Educational Foundation reveal that middle-class military families (commissioned officers and senior NCOs in pay grades E-5 and above with household incomes of at least $50,000) earned an average grade of 62. That’s a record low and marks the third consecutive year that military families received a failing score. Sixty-eight percent of military test takers scored a six or lower on the nine-question test. Just five percent earned a perfect score.

Members of general population families with similar household incomes performed notably better, earning an average grade of 76 – the sixth year civilian families scored a passing grade. Two out of five (39 percent) civilian test takers scored a six or lower on the nine-question test. Seventeen percent earned a perfect score.

Test your financial readiness by taking the quiz. Visit: and let us know how you did.

Vickie Coleman (Mauldin) retired from the United States Air Force in 2004 after 30 years, having served her two final tours of duty as Command Chief Master Sergeant for United States Air Forces in Europe and Air Force Materiel Command.  The mission of First Command Educational Foundation is “to educate those who serve.”  Learn more at or on Facebook at

Leave a Reply

Your email address will not be published. Required fields are marked *

Time limit is exhausted. Please reload CAPTCHA.