Economic Empowerment

The U.S. Chamber of Commerce Foundation publishes content on economic empowerment and related issues. Find and access current and archived items in our database. 

Unemployment and Underemployment Continue to Plague Military Spouses and Affect Financial Stability

For the past decade, military spouses have experienced an unwavering unemployment rate of 22%, making it one of the highest unemployed demographics in the United States. According to new research, their spouses' military service is also negatively affecting their ability to maximize employer-sponsored retirement benefits, build their long-term financial futures and find careers that offer competitive salaries equivalent to their professional experiences and/or education levels. The Hidden Financial Costs of Military Spouse Unemployment survey, conducted by Hiring Our Heroes (HOH) in collaboration with Syracuse University's D'Aniello Institute for Veterans and Military Families (IVMF) and First Command Financial Services Inc., shines a light on the impacts of being a military spouse.