From Study IX, Exhibit 3

Defense spending in the post-9/11 years exceeded the Second World War’s in total dollars, across three and a half times as many years

Source. OMB Historical Tables, FY2027 edition (April 2026), Table 3.1 and Table 10.1; BEA population via FRED. Fiscal years 1941–2021.

Method and data

Method. National defense outlays summed over each war’s fiscal years in fiscal 2025 dollars: Second World War 1941–46, Korea 1950–53, Vietnam 1964–73, Gulf War 1990–91, post-9/11 wars 2001–21. The sums are whole defense budgets in those years, not the increment the war added, because the increment is a judgment and the budget is a record. Per resident today divides by the 2025 population (341,944 thousand). Cumulative figures sum fiscal 2025-dollar outlays and divide by the 2025 population; the per-resident-year averages sum each year’s per-resident figure. Neither is a measure of what any individual paid.

WarFiscal yearsDefense outlays ($bn, FY2025)Per resident today ($)
Second World War1941–464,425.812,943
Korea1950–531,339.23,916
Vietnam1964–734,870.714,244
Gulf War1990–911,226.73,587
Post-9/11 wars2001–2117,11850,061

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Higgins Strategy. “Defense spending in the post-9/11 years exceeded the Second World War’s in total dollars, across three and a half times as many years” Exhibit 3, Every Dollar of War (Study IX). October 12, 2026. https://higginsstrategy.com/charts/09-defense-by-war-1941-2021/