With Veterans Day approaching and the veteran unemployment rate falling to 2.7%, the personal-finance website WalletHub released its report on 2022’s Best & Worst Places for Veterans to Live (as well as accompanying videos and audio files). The report compares the 100 largest U.S. cities across 20 key metrics, ranging from the share of military skill-related jobs to housing affordability and the availability of VA health facilities.
WalletHub also released the results of its 2022 Military Money Survey, which revealed that 70% of Americans agree that military families experience more financial stress than the average family. To help with that, WalletHub’s editors selected 2022’s Best Military Credit Cards, which provide hundreds of dollars in annual savings potential. Below are highlights from the reports, along with a WalletHub Q&A.
|Best Cities for Veterans||Worst Cities for Veterans|
|1. Raleigh, NC||91. Indianapolis, IN|
|2. Austin, TX||92. Fresno, CA|
|3. Laredo, TX||93. Chicago, IL|
|4. Madison, WI||94. Stockton, CA|
|5. Tampa, FL||95. Toledo, OH|
|6. Orlando, FL||96. Baton Rouge, LA|
|7. Boise, ID||97. Baltimore, MD|
|8. Lincoln, NE||98. Memphis, TN|
|9. Irvine, CA||99. Newark, NJ|
|10. Colorado Springs, CO||100. Detroit, MI|
To view the full report and your city’s rank, please visit:
Military Money Survey & Best Military Credit Card
- 71% of military members think the U.S. does not take care of its veterans financially.
- 37% of Americans blame the war in Ukraine for inflation.
- 56% of military members think that poor financial literacy among military personnel is a threat to national security.
- 70% of Americans agree that military families experience more financial stress than the average family.
- Around 2 in 3 military members don’t think they should have to pay bills while deployed.
- 63% of people think firefighters, police, EMS, and other first responders should get the same credit card perks as military personnel.
- PenFed Power Cash Rewards is the best military credit card of 2022. It gives 2% cash back on all purchases to current and former members of the military (1.5% otherwise) and has a $100 initial bonus. There is no annual fee.
To view the full survey, please visit: