About 264,000 veterans lived in Oregon in 2019. Among veterans 18 to 64, 75 percent were in the labor force, slightly less than the 77 percent labor force participation rate among non-veterans. This may be because veterans tend to be relatively older. According to the American Community Survey, more than half of Oregon’s veterans were age 65 years or older and served in the military at least four decades ago: Vietnam War (99,655 veterans), Korean War (17,278), and World War II (6,694). Gulf-War I and II veterans totaled 93,846.
In 2019, Oregon’s veterans earned a higher median income ($41,693) than nonveterans ($32,134). Veterans earn a higher income despite being less likely to have a college degree. Among Oregon veterans ages 25 years and older, 29 percent have a four-year degree or better, compared with 35 percent of nonveterans. Alternatively, about 4 percent of veterans don’t have a high school diploma, while 9 percent of nonveterans don’t have a high school diploma.
Female veterans, who represented 9 percent of Oregon’s veterans, earned a median income of $37,002, less than male veterans’ median of $42,213, but higher than female nonveterans’ income of $27,177.
Only 7 percent of Oregon veterans are under age 35, compared with 30 percent of non-veterans. The older age profile of veterans may explain most of the higher income and higher disability rates among veterans.
Read Workforce Analyst Christian Kaylor's full article at QualityInfo.org.
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