Fox Business Spotlights Veterans’ Financial Struggles During National Invest In Veterans Week®
As National Invest In Veterans Week® continues to amplify the contributions of veteran-owned businesses, Fox Business utilized the holiday to shine a light on the financial challenges facing our nation’s heroes. With 80% of veterans struggling to make ends meet and 1 in 6 experiencing food insecurity, their coverage was a sobering reminder of the urgent need to support veterans beyond their service.
A Closer Look at Veterans’ Financial Challenges
In an interview with Michael Linnington, CEO of the Wounded Warrior Project, Fox Business highlighted the key findings of the organization’s annual survey. Among the most alarming statistics:
82% of veterans cite inflation and rising costs as the primary cause of financial difficulties.
64% of veterans reported having trouble making ends meet in the past year.
1 in 6 veterans faces food insecurity, a startling reality for those who have dedicated their lives to serving our country.
Fox Business effectively tied these financial struggles to broader economic trends, like inflation rates quadrupling in recent years, underscoring the disproportionate impact on disabled and wounded veterans.
Transition Barriers: From Service to Civilian Life
The segment also delved into the systemic barriers veterans face when transitioning to civilian careers:
48% cite mental health and psychological distress as a top employment obstacle.
37% struggle to adapt military skills to civilian roles, a challenge that often leads to higher unemployment rates among veterans.
Linnington emphasized the Wounded Warrior Project’s commitment to removing these barriers, from addressing mental health to helping veterans secure stable housing and meaningful employment.
Empowering Veterans Through Action
Fox Business used its platform to highlight solutions that make a difference. Their coverage reinforced the importance of initiatives like:
Filing disability benefits to ensure veterans have a stable financial foundation.
Expanding no-cost programs to address mental health and career readiness.
Promoting employment in high-demand industries, such as aviation and aerospace, where veterans’ skills are invaluable.
A Call to Action
Fox Business’s coverage during National Invest In Veterans Week® served as a rallying cry for individuals and organizations to step up. By amplifying the financial realities veterans face, they emphasized the critical need for collective action to empower those who’ve already given so much.
Read the full story here: Fox Business Article
Together, we can ensure veterans not only overcome financial struggles but thrive as leaders in our communities and industries.
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