From Study IX, Exhibit 8

Disability compensation, pensions and medical care were nine-tenths of the veterans line in 2025

Source. OMB Historical Tables, FY2027 edition (April 2026), Table 3.2; Table 10.1; BEA population via FRED; CBO, The Demographic Outlook: 2026 to 2056 (January 2026), Figure 1. Fiscal years 1962–2025, with OMB estimates to 2031.

Method and data

Method. Disability compensation and pensions (701) and medical care (703) are nine-tenths of the line; the GI Bill (702) peaks after each war. The line rose from $983 per resident in 2024 to $1,103 in 2025. OMB Table 3.2. FY2027–2031 per resident: OMB’s estimates divided by the 2026 population (342,739 thousand, the January–August 2026 average of Census monthly population, as in Exhibit 1) grown at CBO’s projected rates for the Social Security area population (CBO, The Demographic Outlook: 2026 to 2056, January 2026, Figure 1: 0.253%, 0.259%, 0.275%, 0.29%, 0.3%); a calculation from published figures. Each rate is CBO’s growth over one calendar year, so the 2026 rate gives FY2027 and so on to the 2030 rate for FY2031, each year rounded to the thousand before the next is grown: 343,606, 344,496, 345,443, 346,445 and 347,484 thousand.

Fiscal year (2026–31 OMB estimates)Income (701)Medical (703)Education (702)Housing (704)Other (705)
1962173477117
1963179494−47
196417251327
196516951207
196616351277
19671705211117
1968167521788
1969170532348
1970176573228
19711786149−59
19721796855−99
19731757274−109
1974168748009
197517581101110
197617283113−112
19771758970−210
19781729259110
19791749044310
1980171953409
1981170922938
1982168922318
1983165961908
1984160981538
19851571011128
1986155102518
1987150103437
19881541044138
1989151104487
1990133106258
1991141107318
1992139113678
19931371146107
1994147117827
1995137118827
1996128116817
19971391168−27
1998142116766
1999144118846
2000156122826
20011371277−57
200215813210−67
20031661381237
200417114914−118
200519115415510
200618415314−614
200717616013−415
200819917713−219
200921719716−322
201022821237223
201126522548629
201224622246628
201328222555627
201429523456929
201531325355330
201635026358329
201733927452−231
201832728347−532
201937830049−1232
202040433347−1332
202141135443−1235
202246136539534
202347239239137
202448741841−1148
202558743548330
202664646962763
202770250368243
202881554377241
202974354270238
203084453375237
203188452575237

Download 09-veterans-by-subfunction-1962-2031.csv

Download SVG · CSV. Data and chart licensed CC BY 4.0.

Higgins Strategy. “Disability compensation, pensions and medical care were nine-tenths of the veterans line in 2025” Exhibit 8, Every Dollar of War (Study IX). October 12, 2026. https://higginsstrategy.com/charts/09-veterans-by-subfunction-1962-2031/