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Readiness For Blended Retirement: A Descriptive Analysis Of Financial Literacy Among Young American Military Members, Michael Eldon Pontiff
Readiness For Blended Retirement: A Descriptive Analysis Of Financial Literacy Among Young American Military Members, Michael Eldon Pontiff
Doctoral Dissertations and Projects
In January 2018, the Department of Defense began the new blended retirement system for military members which includes an investment matching program in addition to a reduced pension at 20 years of service. This new system requires a forward thinking financial decision from a young population of Americans who may not possess substantial financial knowledge and experience to make an educated long term decision. The study examines the financial literacy of two groups of young enlisted Air Force members separated by two years experience in the service to determine if any significant changes in financial literacy occur through time and …