Veteran economics

Hillary Wicai Nov 10, 2006
HTML EMBED:
COPY

Veteran economics

Hillary Wicai Nov 10, 2006
HTML EMBED:
COPY

TEXT OF STORY

MARK AUSTIN THOMAS: This weekend the nation celebrates Veterans Day. We honor our Vets and consider them heroes, but many are struggling financially. Marketplace’s Hillary Wicai reports.


HILLARY WICAI: Last month the unemployment rate for young veterans was 11.5%. That’s more than 3 points higher than non-veterans of the same age and more than 2.5 times the overall national unemployment rate.

Tom McGriff is the National Commander of AMVETS, a veterans support group. He says veterans who come back and want to go to school are having a tough time too. McGriff says delays in education payments are causing financial hardships.

TOM MCGRIFF:“You can’t start trying to go to school full-time and wait three months to get your first payment from your GI bill. It has to be more timely and accurate.”

AMVETS recently conducted an online survey. Eight in 10 vets feel more can be done to help them after they leave the military. About four in 10 feel underemployed and two-thirds report having trouble getting disability benefits.

In Washington, I’m Hillary Wicai for Marketplace.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.