Analysis shows troops financially stronger in 2023 than pre-pandemic
The USAA analysis found that surveyed troops' bank accounts also showed signs of the effects of inflation.
By Karen Jowers
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Inflation has some military families ‘grasping at pennies’
With many living paycheck to paycheck, families are cutting back on everything from grocery shopping and driving to subscription services and eating out.
By Karen Jowers
Historic boost in troops’ housing allowance set for 2023
As housing costs rise, troops will get the largest percentage increase in BAH in at least 15 years.
By Karen Jowers
Lawmakers press DOD to restore troops’ full housing stipend
The group wants military leaders to resume paying 100% of the housing allowance formula, instead of the current 95%.
Veterans, retirees get 8.7% Social Security cost-of-living boost
The move will directly affect about 65 million Americans receiving Social Security benefits.
Smaller firms at Army trade show say they’re hard-hit by market shocks
Defense firms are grappling with the economic fallout from the pandemic, but small businesses say their pain is acute.
Commissary customers will see doorstep deliveries at more locations
Doorstep delivery continues at eight commissaries after a successful pilot program that will be expanded.
By Karen Jowers
DoD ponders one-time payments to lower ranks to ease economic stress
High-level discussions are underway about a one-time payment to help lower-paid military families deal with inflation struggles.
By Karen Jowers
‘Extraordinary circumstances’ facing hungry military families
Congress and the Defense Department can take action to help bring relief to struggling military families and service members experiencing food insecurity.
By Abby J. Leibman and Retired Maj. Gen. John Ferrari
Citing inflation, industry seeks more for DoD in continuing resolution
Record-high inflation costs the Pentagon $6 billion per month, trade groups said in a new letter.
By Joe Gould
‘Extraordinary circumstances’: DoD eyes inflation relief for vendors
A new Pentagon memo is opening the door to inflation relief for defense contractors working under fixed-price contracts.
By Joe Gould
Defense industry to launch inflation relief push in Congress
“Deterrence doesn’t work when we handcuff the Department of Defense’s hands," said one industry representative.
By Joe Gould