Even though U.S. civilians are struggling to make ends meet, the same fate doesn't seem to be plaguing our U.S. servicemembers, according to Stars and Stripes, a daily newspaper written for members of the U.S. military. Quite frankly, I'm glad. We owe our military a huge debt of gratitude here in the United States. If they're doing relatively well, that's good news.
The only negative in the story is that U.S. servicemembers continue to spend nearly everything they earn, which is leading to more credit card debt. On the flip side, credit-card delinquency rates have fallen year over year.
From the story (hat tip Lupoman, a member of the U.S. Army who is serving in Afghanistan):
Living in the military is kind of like "living in a bubble," said Sgt. 1st Class David W. Bucklin, station commander for the U.S. Army recruiting station on Pulaski Barracks in Kaiserslautern, Germany.
Once you’re in, you are almost guaranteed to have a job to retirement — in a mere 20 years — as long as you want it. And all the while, the military picks up the tab for housing, medical and dental care, food and even clothing — not to mention free college and training in a profession of your choice and 30 days’ paid vacation.
Even when the economy’s humming along, most American corporations and small businesses offer at most only a fraction of these benefits.
The rest of the story can be found here (link).