Does Trump’s proposed budget mean a government shutdown?

| March 17, 2017

President Trump’s proposed $1.1 trillion FY18 budget calls for an increase of $52 billion for the Department of Defense (DoD) and $64 billion in cuts to other agencies. To finish out FY17, he also requested $25 billion for the DoD base budget and $18 billion in cuts to other agencies.

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Sequestration still has military families feeling uneasy

| February 17, 2017

Knowing the presidential transition would take place in January 2017, military families still expressed high levels of anxiety about sequestration in response to a December 2016 survey.

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Military families begin the year confident in their financial futures

| February 10, 2017

The year 2017 just might be a good year for military families and their finances. Not only did they receive their largest pay raise since 2010, but they ended the year optimistic about their financial futures.

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Service members and job security

| January 13, 2017

The FY17 National Defense Authorization Act, which was signed into law last month, included “readiness stabilization funding.” This funding stops the military drawdown of troops and increases the end strength of the Army, Marine Corps and Air Force.

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Anxieties over potential government shutdown linger

| January 6, 2017

America’s career military families are growing increasingly optimistic that lawmakers will skirt a possible government shutdown in the spring, even as their feelings of anxiety linger.

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The changing terrain: Post-election financial decisions

| December 16, 2016

Following the November presidential election, First Command Financial Services surveyed a group of middle-class military and general population families* to find out two things about their personal financial decisions:

    Did the election change the riskiness of their finances/investments?

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The changing terrain: Sequestration and shutdown

| November 10, 2016

Exactly three-quarters of military families surveyed in the latest First Command Financial Behaviors Index® are anxious about cuts to defense spending. A slightly smaller amount (72 percent) anticipate being financially affected by cuts.

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Military Familiy is Happy They Have Permenent Life Insurance

Military families show strong preference for permanent life insurance

| November 1, 2016

Demand for permanent life insurance continues to grow in America’s career military, where 2/3 of families now report owning this type of coverage and many others say they are likely to join them, according to the latest findings of the First Command Financial Behaviors Index®.

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Fears of defense cuts affect holiday spending

| October 28, 2016

Halloween frugality in military families comes at a time of continuing fears over how defense spending cuts will impact their household finances. First Command’s annual Halloween spending survey reveals that three-quarters of middle-class military families (commissioned officers and senior NCOs in pay grades E-5 and above with household incomes of at least $50,000) who plan to celebrate Halloween will spend the same as or less than last year.

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The changing terrain: The New Military Retirement

| October 24, 2016

Support for the military’s current retirement system is strengthening among America’s career service members, with four out of five families expressing a desire to stick with the traditional pension rather than opt in to the new blended retirement plan that goes into effect in 2018.

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