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Military veterans and Social Security.

Anya Olsen1

  • 1Office of Retirement Policy, Office of Policy, Social Security Administration, USA.

Social Security Bulletin
|August 2, 2006
PubMed
Summary

Military veterans comprise a significant portion of Social Security beneficiaries. These veterans generally exhibit better economic and demographic characteristics compared to the overall beneficiary population.

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Area of Science:

  • Social Gerontology
  • Public Policy
  • Veterans Affairs

Background:

  • Military veterans represent a substantial demographic within the Social Security beneficiary population, comprising nearly one-quarter of adult beneficiaries.
  • Veterans and their families constitute approximately 40% of all adult Social Security beneficiaries.
  • Government programs, including Social Security credits and Department of Veterans Affairs (VA) benefits, acknowledge the unique needs of military veterans.

Purpose of the Study:

  • To analyze the economic and demographic characteristics of military veterans receiving Social Security benefits.
  • To compare the profile of veteran beneficiaries with the general adult Social Security beneficiary population.
  • To project future trends in the veteran beneficiary population.

Main Methods:

  • Utilized data from the March 2004 Current Population Survey, a nationally representative survey of U.S. households.
  • Analyzed demographic data including gender, marital status, and educational attainment.
  • Examined economic indicators such as poverty levels and Social Security benefit amounts.

Main Results:

  • Veterans receiving Social Security are predominantly male, in contrast to the more balanced gender distribution in the general beneficiary group.
  • Military veterans are more likely to be married and possess a high school diploma compared to other beneficiaries.
  • Veterans demonstrate a higher economic standing, with 14% falling below 150% of the poverty level, versus 25% of all adult beneficiaries.

Conclusions:

  • Military veterans generally possess stronger economic and demographic profiles than the broader Social Security beneficiary population.
  • The veteran beneficiary population is projected to remain significant, with evolving characteristics, including an increase in Vietnam War veterans.
  • Future demographic shifts within the veteran beneficiary cohort necessitate ongoing policy consideration and program adaptation.

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