Simply put inflation is the continuous increase in the cost of goods and services. We all see it in our day-to-day activities with the cost of gasoline, meat and I noticed even batteries! But did you know that inflation is affecting the impact of government funding that our agency as well as other non-profits depend on.
As stated by the National Association to End Homelessness, “Over the last 10 years, homeless services funding nearly doubled (increasing by 96 percent)…After accounting for inflation, the 96 percent increase in homelessness funding really only amounts to a 43 percent boost.” That’s a significant decrease in the impact these dollars are intended to support…our most vulnerable community members.
Inflation is increasing the cost of living, which increases community need and at the same decreases the impact of the government funding set aside to help those experiencing homelessness or who are at risk.
That is why we and other organizations need the support of you, individual and corporate donations, to help offset this decrease in government assistance due to inflation. Won’t you help…it means so much to us and to our neighbors, friends and families that we serve every day.
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