Next Threat to Military Readiness - Debt
Debt issuers have targeted the military just like they have targeted college students for credit cards. And the effect has been devastating not only for the individuals personally, but for military readiness as well.
The Sun News article presents some staggering statistics about the extent that debt issuers have pursued military personnel. If you have a mental image of debt companies standing right outside the military gates, you’re almost right! The city home to Camp Pendleton Marine Corps has more payday lenders than any other zip code in the United States. And military families are three times more likely to take out payday loans than civilians.
The result is that Navy discharges because of high debt increased ~ 900% between 2000 and 2005.
