We NEED To Talk About The 2024 VA Disability Pay Increase
The 2024 VA Disability Increase is a topic creating considerable buzz. This proposed 3% increase in VA disability pay rates may not be the financial windfall many veterans hoped for.
The "2024 VA Disability Increase" is a topic that has been creating a considerable amount of buzz recently. This proposed 3% increase in VA disability pay rates, announced with much fanfare, was hailed as a major improvement for veterans. However, upon closer examination, it appears that this increase might not be the financial windfall many veterans were hoping for.
To begin with, it's important to understand what the "2024 VA Disability Increase" entails. This increase was purportedly calculated based on the Consumer Price Index (CPI), a measure used by the government to track inflation. According to the official CPI figures, the cost of living has risen by roughly 3%, which is what the 2024 VA disability increase is designed to offset.
However, as veterans across the country have pointed out, the CPI figures do not always reflect the real cost of living increase experienced by the average person. Resources like www.shadowstats.com offer alternative calculations of inflation rates, which are often significantly higher than the official CPI figures.
According to data and charts from ShadowStats, the actual inflation rate is closer to 10%, which means that the "2024 VA Disability Increase" is not an increase at all. In fact, it results in a 7% decrease in real terms. This is a troubling realization for veterans who rely on these benefits to cover their cost of living.
SUGGESTED READING: "The Fruits Of Graft" by Wayne Jett https://www.amazon.com/Fruits-Graft-Great-Depressions-Then-ebook/dp/B005FG6328 "The Creature From Jekyll Island" by G. Edward Griffin https://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/091298645X
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