05/01/2024 | News release | Distributed by Public on 05/01/2024 12:15
CBO describes economic outcomes of veterans who are Black, male, and working age and whose service began during or after 1990. CBO compares the outcomes of that group with outcomes of Black nonveterans and White veterans from 2017 to 2019.
In 2023, about 18 percent of veterans who had served in the military since the start of the first Gulf War were Black. A limited but growing body of research has examined the relationship between military service and economic outcomes of Black veterans, the largest minority group ever to have served. In this report, the Congressional Budget Office describes several economic outcomes of veterans who are Black, male, and working age (ages 22 to 54) and whose service began during or after August 1990. Using data from the Census Bureau's American Community Survey and the Department of Veterans Affairs (VA), CBO compared the outcomes of that group with outcomes of Black nonveterans and White veterans from 2017 to 2019.
CBO found the following: