Military members across all branches received a 5.2% basic pay raise in 2024. This is the highest increase of the past two decades. The increase follows a 4.6% raise in 2023. Other allowances also increased in 2024, all aimed to address the rising cost of living.
To find how much American soldiers make at each pay grade, 24/7 Wall St. reviewed 2024 basic pay tables from the…

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