Full Citation
Title: Recent Trends in Housing Cost Burden Among U.S. Military Veterans
Citation Type: Miscellaneous
Publication Year: 2023
ISBN:
ISSN:
DOI:
NSFID:
PMCID:
PMID:
Abstract: The appendixes in this annex provide estimates of the number of U.S. military veterans who experience financial burden from housing costs. They also offer context for how these estimates have changed over the past 15 years by comparing trends among veterans to nonveterans. These findings should be of interest to policymakers focused on veteran welfare and housing policy and to the general public. Our research provided the following findings: •Fewer veteran households than nonveteran ones are financially burdened by housing costs (defined as spending more than 30 percent of gross household income on housing). •This lower level of housing cost burden (HCB) reflects both higher incomes and lower costs of homeownership among veterans, although income growth among nonveterans has outpaced veteran income growth and reduced the differences over the past 15 years. •Veterans are more likely to be homeowners than nonveterans, and veteran homeowners have lower housing costs than nonveteran homeowners. However, for veteran households that rent, housing costs are similar or, in some regions, larger than those for comparable nonveteran households. •The gap in HCB experienced by veterans relative to nonveterans shrinks as income lowers; veterans and nonveterans with the lowest income levels have similarly high levels of HCBs. •In contrast to veterans overall, veterans who enlisted after September 11, 2001, (post-9/11) experience a greater HCB than nonveterans. This is due, in part, to recent increases in housing prices and rents and to the fact that more post-9/11 veterans are renters, but more research is needed on the factors driving this relationship. •Although veterans are less likely to be female, the female veteran population is expected to grow over the next few decades. We found evidence consistent with past research showing that female veterans are more likely to face housing instability than male veterans, suggesting a need to focus on better meeting the housing needs of this population.
Url: https://www.rand.org/content/dam/rand/pubs/research_reports/RRA1300/RRA1363-3/RAND_RRA1363-8.pdf
User Submitted?: No
Authors: Schwam, Daniel; Ward, Jason M; Holliday, Stephanie Brooks; Hunter, Sarah B
Publisher: RAND Corporation
Data Collections: IPUMS USA
Topics: Gender, Housing and Segregation, Labor Force and Occupational Structure
Countries: