New military “raise” actually a pay cut, thanks to inflation

[rangerrebew]

New military “raise” actually a pay cut, thanks to inflation
December 30, 2021   
 

While the 2022 National Defense Authorization Act authorizes a 2.7% raise for servicemembers, it won’t be a raise at all- with rising inflation, that 2.7 percent is actually a pay cut.

The 2022 NDAA, which was signed by President Joe Biden on Monday, offers servicemembers no comfort as prices for consumer goods continue to rise.

As inflation continues to drive down the value of the US Dollar, 2021 has seen the cost of food rise 6.1% and the price of gasoline jump 58.1%.

According to Fox Business, American Enterprise Institute Senior Fellow John G. Ferrari noted that such spikes have been unheard of for some time.

https://popularmilitary.com/new-military-raise-actually-a-pay-cut-thanks-to-inflation/

[SZonian]

I retired after 20 years...learned there is no such thing as a "raise" in milpay...the day the "raise" went into effect, prices on and off base went up by that % or higher.