CHAPEL HILL, N.C. – Military veterans who report having common financial problems, such as bouncing a check or going over their credit limit, are four times more likely to become homeless in the next year than veterans without such problems.
Furthermore, money mismanagement by itself made a significant contribution to predicting higher odds of subsequent homelessness in veteran populations above and beyond other variables, according to a new study published online ahead of print on Oct. 22, 2013, by the American Journal of Public Health.