FINANCE / HOUSING

NAVAL SERVICE PAY – NFF REPORT (2017)

Article

This report details the results of the 2017 survey on the financial situations of Naval families.

Abstract

In preparation for presenting evidence to the Armed Forces Pay Review Body (AFPRB) 2017 the Naval Families Federation (NFF) asked families what they thought about pay in the Naval Service. 438 people responded with 215 choosing to provide the NFF with invaluable free text feedback. Around 50% of respondents told us that they were: concerned about their financial situation some of the time; able to save for a rainy day some of the time; worried about managing their debts some of the time; and felt there was enough money coming in to pay for the things that they need some of the time. Around 25% of people felt satisfied with their financial situation and shared with us that there was enough money coming into their household to pay for the things that they need a lot of the time. Of those who said they have had to make changes as a result of the ongoing public sector pay restraint during the past 12 months, three quarters told us that they had to cut back on holidays/leisure activities.

Full Reference

Naval Families Federation, 2017. Armed Forces Pay Review Body 2017. Final report.