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U.S. military veterans and their families have consistently had higher standards of living than non-veterans over the past 40 years, according to a new Pew Research Center analysis of U.S. Census Bureau data. Households headed by veterans have higher incomes and are less likely to be in poverty, on average, and this is especially the case for veterans in racial or ethnic minority groups and those with less education.
In 2017, the median annual income for veteran households was about $88,700, compared with roughly $76,100 for non-veteran households, a difference of more than $12,000. Both groups have experienced income growth since 1980, when the median income was roughly $77,000 for veteran households and about $61,500 for non-veteran households. Still, the gap between the two…
Read the rest at the ‘Source of the original article’: Pew Research Center (www.pewresearch.org).
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