The Serviceman's Readjustment Act of 1944, commonly known as the GI Bill of Rights, provided a variety of benefits for veterans of the war. It stemmed from the Selective Training and Service Act of 1940 (the draft), which guaranteed re-employment to veterans whose jobs were interrupted by military service. Some of the more important benefits concerned education. Veterans who attended college or entered vocational training programs received financial assistance to help defray the cost of education and lost income. In 1940 only 109,000 men and 77,000 women graduated from college with bachelor's degrees. By 1949 these numbers rose to 528,000 men and 103,000 women.

A second important benefit was guaranteed home loans for veterans. Any veteran who served for at least 90 days, or who was injured or disabled in the line of duty and was honorably discharged, was eligible for a mortgage.

Low-interest loans to start or invest in an existing business were available to veterans. This caused a boom in small businesses.

By 1947 more than four million returning veterans took advantage of GI benefits. Discharged servicemen who took advantage of the unemployment benefit of $20 per week for one year were known as the "52-20 Club."

The GI Bill financed many of these suburban houses built in Akron after the war.