Written By: Mary M. Bell, Jeffrey S. Nelson, Scott M. Spann, Callie J. Molloy, Sonya L. Britt, and Briana S. Nelson Goff

The present study examined the impact of financial resources on soldiers’ well-being. Using primary data gathered from a large Army installation in the Midwest, results suggested that soldiers with higher credit card debts and lower perceived net worth had lower levels of subjective well-being. Soldiers with greater perceived financial knowledge and larger emergency savings accounts had higher levels of subjective well-being. Results also indicated that automobile loan debt may play a small role in the subjective well-being of soldiers. Personal financial managers, financial planners, counselors, and other military service providers can use this knowledge to identify those whose subjective well-being might be or might become impaired by personal financial distress. Keywords: financial planning, financial readiness, military, resiliency, subjective well-being

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