Defense spending has been going down as a percentage of GDP; the strength of the U.S. military is also the primary thing backing the US dollar, so I would be very careful stating "what does that do for me". There are forces at play which are not too visible at the individual level, but you are definitely affected by them just like everyone else.

https://cdn.cfr.org/sites/default/files/image/2020/12/010_na...