Earlier quoted context omitted.
From what another commentator said, they are not making much, 54,000 a year [1] I consider them almost on a level with pro athletes given that to do the job at a high level you are done by your early 40's, in addition the numbers able to reach this field are very small[2] (about 33k based on 2014 estimates) based on overall troop count - 1.3M [3] that means that the top 2.3% of soldiers qualify for special forces, a…
I'm totally ignorant on the details of this, but wouldn't someone who served in the US military for 20+ years have a great financial retirement and other benefits for life?
I forget the details, but my dad retired from the service after 20 years.
I think he gets ~50% of his basic pay. I want to say it's inflation adjusted as well.
Their salaries are low, so it's not exactly an amazing retirement. In a low COL state with Social Security it could be helpful assuming you've got everything paid off already.
TriCare is a medical insurance component, but I don't know the details of how good it is. I think for us it was useful as it could sometimes be used as coinsurance, picking up what our other insurance did not. But I also vaguely recall having issues with it being accepted, though I was a kid and didn't pay much attention.
All in all, you're definitely not joining the military to get rich, especially as an enlisted man.