Determining the effects of military service on those who volunteer is of vital importance in an age when service may lead to the loss of bodily function or life. The aim of this study was to examine the effect of military service with consideration for the demographic statuses of race, gender, and educational attainment on economic outcomes. Data for this study came from the Current Population Survey July 2010 with Veterans Supplement (N=83,000). Results from this study suggest that some veterans, namely those of minority racial status and lower educational attainment benefit from their military serve by achieving increased levels of household income as compared to similar non-veterans. Conversely, non-Hispanic White veterans and those with higher levels of educational attainment suffer negative consequences to levels of household income. Furthermore, differences among veterans were assessed. These results provide further insight into the experiences of veterans in the United States.