Kinda. It's important to note that Memorial Day is for those who died. Veterans Day is for those who served. We no longer celebrate Armistice Day (celebrating the end of WWI, as in on 11/11).
We get some confusion where many people think today is a day to remember/celebrate all military personnel, but it's a day to remember and honor those who did not return. Or just celebrate the day off while drinking beer and BBQing with friends and family.