Military members stationed in Illinois and other areas often suffer from financial difficulties. This may be counter-intuitive for some Americans, who see military members receiving food, lodging and many of their other basic needs at no extra cost. Still, scores of military members file for personal bankruptcy every year. The reason: a dynamic lifestyle that often leaves families split between multiple mortgages and other debts.
Few other professions require such unquestioning devotion to spur-of-the-moment relocation. Single military members may face financial challenges because of their situation -- but military families are also particularly vulnerable to financial risk. Imagine experiencing the stress that comes along with purchasing a home, only to be told that your duty station has prematurely changed. Purchasing another home or renting a residence -- in addition to paying the other mortgage -- can be a crushing financial burden.