Abstract: Although U.S. veterans are less likely than nonveterans to live in poverty, past estimates have found that millions of veteran households spend more than half their income on housing costs, suggesting they are at increased risk of experiencing housing instability and, in some cases, might be at risk of becoming homeless. The authors of this report compared trends between veterans and nonveterans to (1) estimate the number of U.S. military veterans who experience financial burden from housing costs and (2) provide context for how these estimates have changed over the past 15 years. The authors also take a deeper look at these observed differences between veteran and nonveteran households, considering how they vary among various subgroups.