5.2% Pay Increase for Military 2024! | But is it enough?
Вставка
- Опубліковано 28 чер 2024
- President Biden signs off on the 2024 military pay increase set at 5.2%, which is being hailed as the biggest military basic pay bump in the last two decades. While 5.2% is pretty good, is it really enough? We'll check the numbers.
Don’t forget to LIKE & SUBSCRIBE! 🤘 👍 ua-cam.com/users/grittysoldi...
.
🏋️♂️ Check out: www.grittysoldier.com for fitness programs and swag!
.
.
‼️Come train with us on the GRITTY SOLDIER FITNESS App: my.playbookapp.io/gritty-soldier
.
.
👉 ALSO FOLLOW GRITTY SOLDIER ON:
Instagram: / gritty.soldier.fitness
TikTok: / grittysoldier
Facebook: / grittysoldierfitness
X: / grittysoldier
.
.
👊 BECOME A PATRON: www.patreon.com/GrittySoldier...
.
.
Video Sections:
00:00 Intro
00:22 Military Pay Increase for 2024 News
01:20 Examples of Updated Pay for Enlisted and Officer Ranks
03:05 Increase to BAH and BAS 2024
04:00 Annual and Monthly US Inflation Statistics
06:26 Roll-up
.
#military #soldier #money
*None of this information is officially affiliated with the US Army or DOD.
*An Amazon Associate Member
January 2023 instead of raising my BAH they reduced it by 65 dollars. Now in January 2024 they increased it back to the 2022 amount. 🤦🏻♂️
"They played us like a damn fiddle!"
If only our government hadn’t put 400 billion dollars toward climate change education and research this year… and used it for military and standard education instead……
lol 😂
I'll prefer a 5.2 pay decrease.
I don't get bah so I'm chilling 😂
Wow, last big increase was back 2002. Because I've been drilling Reserve for 20+ years I know the impact of a single check. Glad to see the pay raise.
Not enough to keep me from getting out in 2026...
Get all your injuries on your military medical records. You have 180 days from your ETS date to get service connected through the VA. That's extra money in your pocket.
@@Tim82ATW the first few months are the best time, but it’s not limited to 180 days.
Hopefully you find a job that has good health benefits with no out of pocket costs, allows you time to care for your family on a whim, 30 days paid leave… 🤷♀️ just saying
@@Robert_H_Diver I'm just speaking from experience and I got to 100 percent within 2 years after I retired. The longer you wait the more difficult the VA is.
@@Tim82ATW correct, it is more difficult, but not impossible.
I got 3%. I work as a registered nurse. My profession for almost 25 years now. It could always be worse. Thanks for your service and your channel is fantastic!
Hopefully, it'll be enough! I'm grateful for whatever increase we'll see in pay.
Friendly reminder: this is a great time to up your TSP contributions by 1% or 2%.
Thanks pookie
I’ll kept it the same
@@alisonhurtado1094 how you edit your comment and it’s still fucked up 💀🙏
@@_divinityyy it’s not really a essay where I came to be perfect 👍
Do not do that
Definitely not enough especially with inflation and gas prices.
You know it
Better than nothing. Most jobs refuse to pay increase and no taxes or less taxes on military pay
@@jamalwilburn228its better then nothing but we shouldn’t settle for mediocre trash pay raises we serve the fuckin country
Crazy how BAH decreased in some higher markets and magically the big raise happens. Almost like they moved it from the entitlement pot just to make it taxable. Making the same as last year, but that's not good PR.
I'm no longer in the Military but I really enjoy your videos, it is nice to get good advice from a squared away officer. I am currently struggling with alcohol and I know it was pretty prevalent in the Army during the 80s. Would you have any suggestions on how to get something like that under control? That could make a good video.
Look into (nlp) neuro linguistic programming coaches they can help
Seek help
An Army youtuber probably isn't the place to look. Consider joining Alcoholics Anonymous.
@@personalaccount8914I think someone I respect and admire is the best place to seek counseling. I've been to AA but I want advice from everyone and I can't imagine better advice than I would get from a squared away officer.
Wow! That extra $160 a month will be enough to cover my non-temporary storage "entitlement" that I'm now responsible for paying while I'm overseas! Thanks!
Thanks for the info. 🔥
Thanks man. This was great
Here in Hawaii. COLA is going down by hundreds. The reason? It is based on cost of living in the continental US. They do this as prices continue to rise here in Hawaii. A quick comparison: $10 for a Wendys 4 for $5 on mainland. They increase BAH, but living in on base housing is 100% of your BAH. When it goes up... You see none of it living in base housing. Families see none of it.
Ultimately, its not enough. And by the militarys logic we should refuse to live in base housing to see a pay increase that matters.. Living in Hawaii is getting cheaper and we should be poorer cause mainland is more expensive. We will continue to bleed service members to more competitive salary jobs... If not also $20 minimum wage hikes to flip burgers.
41,000 future leaders short on recruitment this year alone. Smallest force since before WW2. They not only can do more, but they need to do more.
You're right!! The army failed to meet recruiting numbers for the past 3 years. I'm so glad I retired in 2018 and I couldn't imagine serving under the current administration.
Hawaii prices are ridiculous
Just checked my MyPay. The raise is significant enough to make a pretty decent dent in my monthly finances, on top of my TIS pay raise that i'll get next month. My rent didn't go up too much, so life is pretty good. Could have used another few percents though lol
While the inflation rate is down, don't forget any positive number means prices are still going up. Things still cost more than they used to - maybe at a slower rate, but that's all.
Yeah inflation is a constant thing… even if the rate is lower, ultimately it’s still climbing.
I wasn't expecting any sort of pay increase. Hell yeah
Thanks!
Thanks so much! 🙏
My Hospital announced we are all getting a 2% pay increase in 2024 . Used to be 5% for the top performers on the yearly evaluations , 3% for good performance and everyone else got 2% . So basically the the highest performing workers are viewed as no more valuable then the worst performers .
But for the question" Is it enough ?" . For the job the military does for us , no I don't think it's ever enough .
You're right!! Every time there's a pay raise everything on post rises and with current gas prices.
I'm just medium speed with some drag.
I think I they should increase military pay at the same rate Congress gets. Set one standard raise rate for ALL federal employees
I’m retired military and it only around 23.00 per 1,000 and my military is taxed about the 1/3 I get paid unemployability at 100% by the VA because of my service connection disability, my medical is free because of my priority group, just remember if you get hurt the VA takes their time in your claims, I get a 3.2% on my COLA thru the VA
Just wait until you retire from the military my friends, the COLA increases are laughable. Glad I retired 20 years ago before this TSP, 401K BS. No wonder they can't get anyone to enlist. Oh, and TRICARE, please...Best wishes my bros. SFC(Ret) CCH.
A pay raise for the military usually comes with take away on the other end of the pay spectrum. Congress seldoms gives Military an out right pay increase without taking away from other benefits
Love your videos
Some things to factor in:
1. All BAH/BAS related income is not taxed, so if it was increase with inflation it would be outpacing inflation in real terms.
2. For SMs who live on post, housing costs have been a large portion of inflation related price increases. We are unaffected by this.
This is why I think they are right to keep our figure below the inflation number.
Where the military really gets it wrong IMO is region to region cost of living adjustments.
E6 w/ DEPNs; lost $54, doesnt seem like much but it feels like a slap in the face. “Hey heres more base rate, but we took some from your housing allowance~” 🤷🏻
With regards to career management, I’ve been asking a lot more questions about the opportunity to pursue OCS, or branch into a warrant billet that correlates with my MOS. I think in full transparency, there are a vast majority of us that could better our situation by paying off debt, but thats also where I feel the fullest extent of inflation. My purchasing power has decreased and because more of my dollars have to go elsewhere my ability to formulate any kind of “aggressive” payoff strategy is curbed. While we have a really good plan in place (and are practicing it) going from Enlisted to O1-E would do so much for us. I would shoulder more workload to get financially ahead for sure!
Good to see my AD and Reserves family get a much needed raise. We, as disabled vets, didn't do as good. But, we get a raise every year. So we cannot complain. Who would listen anyway 😁
No, it's not enough since it doesn't beat the inflation rate. Everyone is still making less.
A few years ago I came across a book that I had bought when I was in the USAF (1977 - 1981) I came in as a Airman first class not airman basic. In that book I found a pay stub that I had used as a book marker. It said 175.00. I was paid a whopping 350.00 per month. Now that didn't include that I lived on base in the barracks and ate at the mess hall. I had no real expenses to consider. So that was 350.00 that I put in the bank and I did. I didn't spend it. In my 4 years I went through 2 congress lead pay hikes that meant for a few weeks we didn't get paid because congress couldn't figure out what to pay us. Raise no raise and I remember my supervisor saying just go ahead and continue as usual and we will get paid eventually. My father was enlisted from 1950 - 1971. As a family of four I didn't know at the time but we struggled, Mind you we did live in base housing and the base commissary was priced to fit the lower pay of ALL military personnel, unlike today where the difference between base com and off base grocery stores has disappeared. My single dad slept in canvas tents to start then moved to "Woodies" before going to a brick duplex home with a family. My first barracks was a "Woodie" before moving to a brick Dorm/admin office then to a really nice 1000 man dorm, then a PCA put me back in a brick dorm. This is all to say if you are in the military you will never make what your counterpart on the outside will and could make. But that's not why you joined the military now is it. You didn't want to become a millionaire did you, nope you want to serve and defend your country. So will the US Government EVER respect you for that choice? Ask a veteran, if you are a civilian you will probably get a laugh or at least an eye roll maybe a short lecture. If you are in the military you will get a pat on the back and a deep felt well done because we know what you are and will go through. The best I can give you is a Carry On Ma'am or Mister and thank you for your service. I will also pray that you have a long and happy career. May God Bless you and keep watch over you.
So, what prices on post have increased?
You're right!! That happens every year.
And then they hit you with taxes
I’m currently in South Korea at Camp Humphreys and thought COLA would be a decent little incentive but only received it once before they cancelled COLA. Interesting way to operate our budget. Give you $100 & take back $99 😂
It doesn't even keep up with inflation.
Sort of, at least with more recent inflation anyway.
@@GrittySoldier Last year was half the inflation rate. If you go over the past few years in aggregate, then it is behind
That sounds okay on paper until you realize this pay increase doesn't offset the inflation over the past three years. It isn't that bad if you are a barracks soldier with no benefits, debts, pricey lifestyles, or outstanding expenses. Basically, if you live in a vacuum from the wider society, you will benefit from this. In the early 1980s, military pay went up over 10% for three years straight. "Okay, a ~12% pay increase over three years. Big deal." No, a minimum of a 10% pay increase three times for three years in a row! That wasn't even because of inflation or the economy. That was them just trying to get the recruitment numbers up from the post-Vietnam War.
As far as E vs O pay, it is mostly that Es get things like the clothing allowance that barely covers the cost of a couple new sets of uniforms and a pair of boots. If we're actually going to give people an allowance, it should be calculated to actually cover the expenses. Or give out coveralls to more people who would be out getting dirty. Maybe even get field uniforms for combat MOSs that are just going to get dirty. "Just wear some ratty OCPs." That's okay until someone has to go to a school and they expect you to have all new, perfectly serviceable uniforms that you know will get trashed in two months. Have CIF issue out field uniforms for the guys that we know will get dirty and disgusting.
I also wish the Army had a program where if you are living in substandard housing, you are reimbursed with partial BAH by the Army and not your unit. Because if guys are going to just get thrown wherever there is "space" and "fuck it", they should be compensated for it.
There aren't a whole lot of E-1s, all things considered, but that paygrade needs to be updated. Under four months in and you get reduced pay. I understand the historical reasoning--to cover initial training--but a lot of people are able to enlist at E-2. I joined as an E-1 with $964/month base pay, and when I reported for recruiting duty in '08, I had the philosophy that everyone should enlist as an E-1. That mindset changed quickly, and as a Future Soldier Leader, I started trying to get everyone to at least E-2 before they shipped.
The pay increases no longer affect me. I got my 3.2% COLA for retirement and disability, which amounts to roughly $200/month combined. That's decent, but while I used to struggle to spend $100 a Walmart only a few years ago, I rarely get out for under $150 nowadays. I'm sitting on a futon I paid $198 for, which is the exact same as those I bought in 2012 for $100 and in 2016 for $120.
As for the enlisted/officer pay differential, I think there could be some modifications, especially for retirement pay. Naturally, as a retired NCO, I'm biased, but a quick check of the Military.com pay calculator for 2024 shows an E-9 with over 30 years getting just shy of $9k/month, while an O-6 over 30 years gets over $14k and an O-5 over 24 makes nearly $11.5k. Those are common paygrades for someone who commits to that long of a career, but for more insight into the disparity, consider two common 20-year retirement grades: E-6 and O-4. An E-6 at 20 years makes $4856/month, while an O-4 with the same amount of time in makes roughly twice that.
I'm not saying that a mediocre barely-made-it-to-retirement SSG deserves to be paid the same as an outstanding MAJ who was a SFC in 75th RGR before going through OCS and commissioning. But the flip side is that a highly successful nominative (general officer-level) CSM is going to cap out at under $10k with 40 years of service, while that MAJ is making only $200 less per month at 20 years.
like other that BAH raise came out to reducing mine as well lol. what a great raise!😅
I got a extra 20$ this 5.2% pay increase was much needed!!
These three day drill weekend are about to be great! Once I get through WOCS this year, I would have no reason to complain about pay.
How I would see this is that we should have a base pay across the entire board. Then have not only BAH adjust to local living cost but have our pay added for that cost too as well. Other places have cheaper goods than ones which is significantly more expensive
THEY SHOULD GIVE THE SAME TO SSN MOST OF US SERVED THE COUNTRY.BUT THE WAY THIS COUNTRY CARES ABOUT US I NEVER DEFEND IT AGAIN
Just make service members tax exempt and leave it at that.
They are already tax exempt idk troops are paying taxes
@@907travelalothe’s talking about your base pay fool
@@supersaiyannigga5980 how do you think military get their base pay from tax dollars everything on base is also tax exempt us military money comes from tax payers like the independent businesses in us states and territories.
@@907travelalot either way it doesn’t justify how low our base pay is Idc what you think if you serve this country you should be paid higher the average when it comes to base pay
Woopty-Fing-do, still can't keep up with inflation
It’s something they have to do between inflation and recruitment.
The military pay gap between officers and enlisted personnel exists due to differences in responsibilities, qualifications, and career paths. Officers usually have higher education levels, greater responsibilities, and specialized skills, warranting higher pay. Enlisted members, while essential, typically have less formal education and take on different roles within the military hierarchy. The pay structure reflects these distinctions to ensure a fair and equitable compensation system based on rank and responsibilities. Literally no different than any other business or organization when it comes to workers and management….
Agreed
True to an extent. I have a Sailor under me with a Masters and was in a class with someone that had a PhD in CompSci as an enlisted Sailor. When your enlisted job can start you at $220k in the civilian world - your skills are more valuable than the enlisted pay to an even larger degree so it makes less sense. If you spend time with the Aussie and Royal Navy Sailors, they are often surprised there is such a gap in pay and that US Sailors sleep 3 to 4 high instead of having more suitable quarters. The pay charts make sense for a lot of jobs until you get to the intel, electronic, cyber, and medically certified enlisted folks. The issue is that we have regular special pays for people that fly, deploy, parachute, dive, etc. But they have not implemented many special pays for job skills outside pilots, physicians, nuclear officers, etc. Today its very common for people to come in educated. It's more about whether you want to do cool things for a while and then sit at a desk while making higher level leadership decisions, or do you want to do your job as long as possible and simply advise your immediate leadership without worrying about the high level COCOM/TYCOM unless you go staff. It's a new kind of world and the military pay charts have not taken it into account. O-6s don't want to leave cause the pay is too generous while E-5 and below are competitive with fast food worker compensation outside of BAH. I think we need to decrease the O6 and above by 10% and increase the pay of our E6 and below by 10%. It would be interesting to see the accounting as to whether we'd save money, break even, or lose money.
But now to move up you need degrees as enlisted. Talking about e7 plus
True. If enlisted members have degrees...great! If they want to apply for OCS/OTS or other commissioning opportunities they certainly can.
incentive pay for certain career fields like cyber/medical would be helpful. For example, the pilot program.@@Flowmada
That pay bump was identical for us federal employees and when you also add the VA Service Connection increase (depending on your rating) you’ll get a very good pay bump overall. I’m sitting as a GS11 (Oakland) and 90% SC. I got a good bump for sure. When the economy is improving as rates go down, the government has more money to spend on issues like pay for military and civil servants. It’s a sign of an improving economy despite what the pundits tell you. Also, your TSP’s should be rising, unless your investing heavily in the international stocks or funds, those fluctuate not often.
It's not a bump. it is less than inflation when you take into account the past few years of raises and the past few years of inflation
@@AssfaultRodefor some and when you factor in veteran status and gs pay combined (for some of us), it’s a good pay bump. I can’t say that the local economy will have a positive or negative impact on the pay increase, but this is still higher than previous years. I live in a high locality rated area, so to your point, things are expensive here but the bump helps alleviate that pressure, plus, adding my tax free service connection pay (with a pay bump as well), gives me a better outlook financially for the year. Also, living within your means definitely helps grow your financial portfolio.
@@calderonmike It's not a pay bump. It is a cost-of-living adjustment. Your COLAs have not kept pace with inflation for several years. I'm not sure how you can NOT understand this. You are still earning less than you were two years ago in purchasing power
I've said this and will keep saying it, the biggest hardship to a setvice member is pay! You can't pass a simple ACFT if you are short that month or on the verge of bankruptcy.
I think the pay gap is appropriate given the (relatively) different scope of jobs and responsibilities, although honestly considering how things have been inflation wise the last few years this raise isn't going to help enlisted folks enough imo, more of them are probably still playing catch up so it's less useful (although certainly welcome) than some ppl make it out to be, kinda like what you said about already being underpaid for the last few years. But never say no to free money I guess.
Loving the videos sir! Would love to see more of your takes on enlisted/officer relations, I get the feeling since you've been in both worlds you've got some pretty good advice on that! Stay safe!
The more they pay you, the more they can treat you like their property.
No, and how do they think they are going to Keep Soldiers in at this pay when a deadly war kicks off with China and Russia? There are no incentives. Here go die for your country....or get paid 21 bucks an hour at UPS.
My other favorite is there is 0 benefit to staying past 20 years. If I am mid career I get a bonus for staying longer, but if I am at 20 years the incentive to take 50% pay for FREE and get out makes much more sense than staying in. Why not offer those in good physical shape, who score well on ACFT an incentive to stay another 5 or 10 years.
0:02
I got paid and it didn’t change 🙃
It is a very small fraction of inflation. Its not enough.
Why is the Cost of Living increase for Veterans & Social Security only 2%.
It’s hard to believe the general inflation numbers being broadcasted because common sense and experience tells it doesn’t seem too accurate. I know you said it’s not just gas or groceries but you go to the pump and gas still costs over 2x is did a few years ago ago and eggs and beef are still over 2x what they were a few years ago. And I’m not even going to mention trying to afford a house… Real life tells us these single digit inflation numbers are really damn near 50%. It’s wild!
It’s definitely not enough
Not after taxes, but a step in the right direction
Happy to get a raise
Me too!
I’ll take the 5.2%. Half of Soldier’s pay issues results in their own poor decisions.
I can’t disagree with this
@@GrittySoldier the other half is not their fault. One time I had to spend close to $200 getting extra gear for a PTDO packing list. Plus in some places like outside Carson & JBLM no amount of increases can keep up with cost of living.
@@hallmichael35 Yea, and the shops on post know they got you by the balls as well so the prices are in orbit.
@@hallmichael35That's a little under a day pay for me. Should've went Mustang or SMP Officer
It is not enough. Having tasted the private sector and seeing what true salaries, along with benefits and other pay benefits, coming out as a CPT you are making around 150k if you do not settle. Having also been a police officer the push in areas like wa state the norm is 5 to 10% pay increases yearly depending on the economy. Heck come out right now as a specialist and if you get through the process I can have you making 125k after just three years with medical and retirement. Also the new retirement system is horrible for the military. If you are going to pony up your own money and risk it then might as well leave the military
Which industry??
I’m my opinion combat arms should get paid more than a support mos🤷🏽♂️war time or not. Me and my brother’s are the first to fight and die. Pay should correlate to risk not to add idk how many times as an infantryman I end up doing someone else’s job. Oh supply doesn’t wanna do inventory have a grunt do it for em. Riggers don’t wanna work late to hang up some chutes ok call up some 11-bs to run a 24 hour detail. “Officers/Senior Enlisted do more work” yeah my ass. The pay gap is not justified whatsoever and I’ll forever stand behind that idea
I love your content sir. I am commissioning as a physician assistant (go in as O2) with no military experience. Could you make a video on your experience with physician assistants in the Rangers and what exactly they do especially on deployments? You could also add in other medical specialties to the video to broaden your audience. Thank you so much, there is no information on PA’s in the rangers out there!
No E1 is paying 25-30% in taxes
Yeah you’re right I was a little high with those number (but not by much), I like to place it safe with $$ so I usually just round up.
Not a bad bump, I’ll get a little over $250
Interesting take. I think it’s enough. Good numbers. I didn’t think about the BAS and things like that!
5.2 is cool, but one could make a lot more in 2024, I guarantee that. Not sure about army. How do your other raises work?
When inflation is 100 percent(real numbers ) obviously not.
I’m glad to see you guys getting a decent raise. I can assure you that most civilians don’t ever see a 5.2% raise.
what? civilians get straight up per hour raises, which is definitely better unless you barely work any hours each week
I'm leaving JBLM because I can't afford anything here. My rent is going up in January to 2400, and I'm so down bad I gotta file for bankruptcy now. I'm also stuck in a crappy point because I'm 12 years in and I wanna find another job outside of the military but I don't wanna let 12 years go to waste. So against my better judgment, I'm gonna probably just stay in till 20 years....
Soldier = Perfect brainwashed = took the poisoned sting
If you look at the CPI inflation, you'll notice how much goods and services have increased. I think that would be a better comparison in regards to affordability.
Yeah that’s interesting 🤔
It's funny how the housing market and rent increase every time BAH increases 🤔
No is not ! They need to raise like 20% as minimum
That’s exactly how much our married taxes went up next year
I honestly think that at least officer pay is good.Not Wall Street banker good but good enough.
Life on the Line
For a peanut increase
What an insult to every service member
What pay increase did the politicans get ?
It's trash, they reduced COLA by 70% 6 months ago. So if anything I'm now just making what I made 6 months ago lol
Sir it’s not enough, nothing crazy but a 50% increase would have been enough.
Docked my cola by 50% just to give me a 5% raise that doesn’t equal to the cola cuts. Thanks Brandon.
Just gat married, and pocket all that money 💰🤑
I thought the Party wanted to "Defund The Police"?
Yah, more money to spend at the strip club.
😂
BOHICA..
All while inflation is at 9% 😂
What a joke pay. With taxes
You mentioned the pay gap. I believe it is nessassary. Officers have a larger scope of responsibility than enlisted members (typically).
However, I believe that to assist enlisted service members, the Army should implement an education based incentive pay.
For example; enlisted with an Associates receive an additional $200 a month, a Bachelors receives 400, and a masters gets 600. Idk, just something id like to see.
Maybe add something for soldiers who gsin certifications that relate to or are similar to their jobs as well.
Should there be a pay gap between officers and enlisted? Absolutely! I’m not sure why people are arguing as though anyone disagrees. But an E-4 should be making a minimum of 40k annually as base pay. The sacrifices they’re making and the shit they have to go through should be more adequately compensated. I’d have no issue with officers getting the same 20k bump.
@@nssilver1 Sadly a e4 only make about 28k in 2024 for 3 years in the service rn after tax and how Ik cuz im a e4 with 3 year of service
Lebron James is the nba goat bruh.
Sir, it’ll never be enough 😂😂 at this point, give us a 15.2% and we’ll all be happy