Group of Aussies to receive cash boost as cost of living rises

  • 📰 7NewsMelbourne
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 59%

Australia Headlines News

Australia Latest News,Australia Headlines

Australians on JobSeeker can expect a bump in their payments as the cost of living rises, but other welfare recipients will need to wait to find out what’s happening with their incomes. 7NEWS

as the cost of living rises, but other welfare recipients will need to wait to find out what’s happening with their incomes.

Including a six-monthly indexation increase of 2.2 per cent, the base JobSeeker rate is due to rise by $56 a fortnight if parliament passes welfare changes announced in the May budget.But those on other forms of welfare like the single-parenting income will have to wait to see how their payments are updated as cost-of-living pressures continue to bite.

Older people eligible for higher JobSeeker payments are due to receive up to $109 more per fortnight from September under the changes. The budget is expected to come in more than $20 billion in the black for the last financial year, but the treasurer will bank most of the money citing structural pressures on the public purse.Credit:Rishworth said the projected surplus was only temporary and welfare increases had to be balanced against the budget’s long-term health.“The changes we’re making - whether it’s to rent assistance, JobSeeker - are structural changes, they’re ongoing increases that will be applied,” she said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 18. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Debate hot after Smith survives 'nightmare' run-out decisionSteve Smith survived a run-out chance by the BAREST of margins. 🤯 And the TV umpire's decision divided opinion. 🤔 9WWOS TheAshes Cricket
Source: wwos - 🏆 12. / 68 Read more »

Matildas' road out of World Cup group stage revealedThe Matildas' World Cup dream is at risk of turning to a nightmare, after suffering a shock loss to Nigeria in front of a Brisbane crowd last night. DamoNews 9News MORE:
Source: 9NewsSyd - 🏆 23. / 51 Read more »

Aussies' huge task after England domination, Broad shock“It's been a wonderful ride”. An English legend has announced that this Test will be his last one. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Aussies' huge task after England domination, Broad shockEngland piled up a massive lead on day three. 😬🏏 Then came a shock retirement announcement from Stuart Broad. 🤯👇 9WWOS TheAshes
Source: wwos - 🏆 12. / 68 Read more »

Department stores hit hard as consumers pull back on spendingNew figures on retail turnover have laid bare the struggles department stores are facing to entice customers through the door as cost-of-living pressures impact consumer spending.
Source: SkyNewsAust - 🏆 7. / 78 Read more »

Financial abuse is targeting the most vulnerable. What's being done about it?The number of financial abuse cases has increased in the last three years, with Australians who are more marginalised in society most at risk.
Source: SBSNews - 🏆 3. / 89 Read more »