A Profile of Older U.S. Veterans

There are more than 11 million adults aged 60 and older alive today who have served in the military, representing over 15% of the 60+ population. It is important to learn more about this population to identify how they are faring during retirement and to identify their needs. To pursue this goal, the National Council on Aging and the Leading Age LTSS Center @ Umass Boston analyzed data from the Health and Retirement Study (HRS) to learn about the health and economic characteristics of the older veteran population. NCOA’s analysis reveals two key findings. First, older veterans have higher incomes, yet they have less of a financial safety net in terms of savings and home equity. Second, older veterans are in worse health than civilians in the
same age group.