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The Wealth of Veterans

Report Number P70-151
Jonathan Eggleston and Kelly Ann Holder
Component ID: #ti2000540042

Introduction

This report uses data from the 2014 Survey of Income and Program Participation to describe the wealth of veterans of various ages. The report describes differences in the components of wealth between male veteran householders and nonveteran householders 25 years and older.

HIGHLIGHTS

  • For householders 55 to 64 years old, veteran households had lower median net worth than their nonveteran counterparts ($160,809 compared with $232,669). In contrast, for householders 75 years and over, veteran households had higher median net worth than their nonveteran counterparts ($278,008 compared with $221,734).
  • For some age groups, male veteran households had a higher percentage holding credit card debt than nonveteran households. For householders 35 to 44 years old, 59.0 percent of veteran households had credit card debt, compared with 47.7 percent of nonveteran households.
  • In general, veteran households were more likely to have an account at a financial institution (such as a checking or savings account) than nonveteran households. About 94 percent of veteran households had such accounts, compared with 90.5 percent of nonveteran households.

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