CFPB Finds High Levels of Financial Well-Being among Veterans

The Consumer Financial Protection Bureau ("CFPB") issued a report on veterans' "financial well-being."

According to the "National Financial Well-Being Survey," which gauged the financial literacy and welfare of Americans, veterans demonstrated a correlation between "financial skill" and "financial well-being." As one might expect, veterans with higher education and homeownership are more likely to have financial comfort.

Veterans, like many other Americans, also show lower financial well-being levels when they use short-term credit products, are regularly contacted by debt collectors, or incur student loan debt.