US military introducing measures to attempt to ease economic strain on service families

News November 17, 2021 News
US military introducing measures to attempt to ease economic strain on service families

From CNN | Politics by Barbara Starr, Oren Liebermann and Ellie Kaufman, CNN

As the holiday season approaches and everyday prices for food, fuel and housing are rising, the US military is trying to ease the economic strain on service members by increasing the housing allowance in high-price areas and expanding financial education, according to a memo from Defense Secretary Lloyd Austin.

"The Department will provide immediate relief to alleviate economic insecurity," wrote Austin in the memo obtained by CNN, which he said stems from "food insecurity, extended wait times for housing, drastically reduced housing inventories, and sudden, sharp increases in rental or purchase costs for housing."

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