| November 10, 2014

Veterans Face Unique Challenges to Find Employment

New study reveals PTSD stigmas can be a roadblock to civilian employment.

Online resume builder LiveCareer has released a new study that details some of the challenges service members may face as they transition from active duty to the civilian workforce. The findings show many veterans believe misconceptions about PTSD may be at the top of that list.

“87.7% of current and former military members believe Post Traumatic Stress Disorder (PTSD) or other mental injuries of war affect veteran’s employment chances when entering the civilian workforce.”

The issue isn’t just limited to those who are experiencing PTSD either. So while 80 percent of veterans return home without PTSD, stigmas related to the condition may mean veterans face an uphill battle when it comes to finding gainful employment in the civilian sector.

LiveCareer captured these findings in a helpful infographic that military service members and veteran share sentiments about their employment prospects.

Infographic shows challenges facing military job seekers

 

“Securing the right job quickly is essential to service members who are trying to transition to successfully civilian life,” agrees Maria Gaitan, Housing and Business Development Manager at Consolidated Credit. “Unfortunately service members often find it difficult to achieve a comparable income level to their active duty pay scale, which can make it difficult for service members to support their households.”

Managing debt during your transition

One piece of advice military job seekers want other service members to understand is this: The search for employment in the civilian sector can be tough – and drawn out. With this in mind, Consolidated Credit offers these tips to military families who will be transitioning to the civilian sector:

  1. Minimize debt as much as possible before you leave active duty. A lengthy job hunt or decrease in income could mean financial distress, so pay off as much credit card debt as possible so you’re not worrying about bills while you’re hunting for the right job.
  2. Make a budget for civilian life as soon as possible. As you transition, you may face increased housing costs and other expenses you didn’t have while you were in the service. Getting organized with a formalized household budget can help you avoid overspending in the first few months.
  3. Clean up your credit. If you’re going to be applying for loans on major purchases such as a home, a vehicle, or furniture, make sure to check your credit report and take steps to build your credit before you apply. Low interest can be critical to financial stability.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

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