The largest increase in 20 years still does not keep pace with inflation.
The National Defense Authorization Act, which was passed by the House of Representatives this week, includes the largest pay raise for the military in twenty years. The increase in 2022 was 2.7 percent, while this coming year will be 4.6 percent.
In addition, the Basic Allowance for Subsistence rates, for active-duty troops not living in barracks, will increase by over 11 percent. However, the most recent reported rate of inflation was 7.7 percent. The funding legislation does not provide a bonus specific to inflation but does enhance qualifications for the Basic Needs Allowance.
As the Lord Leads, Pray with Us…
- For members of the Senate as they prepare to vote on the NDAA before Christmas.
- For Pentagon officials as they assess the rate of pay in the military against inflation and other economic factors.
- For the president and his advisors as they address the financial challenges facing the nation.
Sources: Military Times, Military.com
