The number of veterans facing imminent eviction and homelessness is soaring across the country due to skyrocketing inflation, according to a grassroots veterans outreach group.
With federal resources failing to keep up with rising costs and with fewer Americans with enough discretionary funds to give to charities, America’s veterans are facing a perfect storm that is driving far more to the brink, said Gretchen Smith, founder of the nonprofit Code of Vets that assists military veterans across the U.S.
“This historic inflation is wreaking havoc in the veteran community,” she told The Washington Times. “What we are seeing in recent months is an explosion of eviction notices and in homelessness.”
The Consumer Price Index jumped last month to an annual rate of 9.1%, the Labor Department said Wednesday, bringing year-over-year inflation to its highest level in 41 years.
That same month, 61 homeless veterans applied for assistance from Code of Vets. The group also assisted 142 veterans across 27 states who were facing imminent eviction in June.