Yahoo Web Search

The 2023 military pay raise was also hailed as “the largest since 2002”, but some believed it was insufficient to keep up with rising costs due to inflation, which peaked at just under 10% in the summer of 2022.

No. In spite of breathless headlines about this pay increase for troops, what was released in the first full week of March 2023 was closer to a list of priorities; it has not been passed into law or approved at the time of this writing by the House and Senate. In fact, the new budget is predicted to be another shot in the war over government spendi...

We will keep you updated as more information becomes available. One thing to remember is that this is simply a budget proposal from the executive branch of government. It does not mean that the pay raise is guaranteed. It could go up or down by the time it is approved. This is for entertainment purposes only.

2024 Military Pay Chart

E-1 with less than 4 months = $1,783.14

It would be easy to assume this move is designed to curry favor with military communities leading up to an election cycle. But a Frequently Asked Questions list at Defense.gov reminds us that military pay raises are calculated annually using the Employment Cost Index or ECI, which tracks private wages. “The ECI, reported each October, is used to de...