The Financial Impact of Military Involvement
According to the Department of Defense, there are over 1.3 million people in active duty
military today. That makes the Department of Defense the largest employer in the United
States. Spectrem research has historically shown that occupation impacts investment behavior,
decisions and preferences, so it is important for financial providers and advisors to fully
understand the behaviors of employees of the largest employer in the United States.
Military service personnel and their families have distinctive life experiences and challenges
throughout their lives. This report provides in-depth analysis of individuals who themselves, their spouse, or a child have been in the military. We compare these individuals to individuals who have not had anyone in their family in the military and clear differences come to the surface.