In honor of Veteran’s Day (originally called Armistice Day–the day that World War I ended), the bond markets are closed today. Here are a couple of interesting statistics regarding the finances of our soldiers, and reasons why you might consider signing up to be one of them. The median income for male veterans is 15% higher than non-veterans, while female veterans earn on average a whopping 45% more per year than their non-veteran counterparts. The VA reports that over 79% of veterans own their own home, compared with only 63% of the rest of Americans. One of the reasons is that the VA mortgage is the best loan available. Interest rates are the lowest, there is no monthly mortgage insurance, no income cap, and best of all, no down payment required. Thank you, those of you who serve or have served my country. Thank you.
