Middle-class professionals in inner-city suburbs face the highest financial impact from the coronavirus pandemic as government stimulus payments do not cover the losses faced by salary cuts and reduced working hours.of the virus on households across the country, using colour-coding to illustrate which suburbs are worse off.
Taylor Fry principal Alan Greenfield said people earning medium-to-high incomes were the most vulnerable to the pandemic as losses incurred by salary cuts or reduced working hours were disproportionate to government payments such as JobKeeper. The data also shows Victorians overall are facing a greater financial impact compared to NSW, with 144 suburbs marked in the worst affected category, more than double NSW. Mr Greenfield warned this will worsen as the state is plunged into further lockdown restrictions. Some of Melbourne's northwestern and eastern suburbs, for example, are rated in the "extreme impact' category.
CharlotteGriev1 Thanks for that map. Ironically, the NSW government GladysB plans a multi billion dollar metro right through that red area, assuming high density living around stations. coronavirusaustralia
CharlotteGriev1 I bet the middle class have a mountain of debt and probably spending well beyond their means.
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:
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.
Rental apartments suffer biggest price drop in more than 15 years as COVID-19 hits landlordsAustralia's unit rental market has suffered its biggest price drop in more than 15 years as COVID-19 bites landlords and tenants alike. 9News
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Indonesia hits grim COVID-19 milestone | Sky News AustraliaIndonesia has reached a grim milestone as it records its largest single day increase of coronavirus infections with 1,800 new cases reported on Wednesday. \n\nThe country recorded 68,000 cases of the virus with 3,300 coronavirus-related deaths. \n\nLocal experts warned Indonesia could become Asia’s third virus hotspot. \n\nImage: AP So when are they flying into Australia ? We have let thousands of diseased Chinese come here, let's turn Australia into Melbourne and let the diseased Indonesians in too all because some fuckwit gave them a Australian passport. Gov should have stopped all flights immediately But according to your new 🌟 Alan, and Jeff Kennett, so what - open up - let it rip! And Victoria is fine - Dan has done a wonderful job... is that right?
Source: SkyNewsAust - 🏆 7. / 78 Read more »
US tops three million coronavirus cases as Donald Trump pushes schools to reopenUS President Donald Trump has threatened to cut funding to schools if they don't reopen while COVID-19 surges in hotspots across the US. Good for him! They should never have closed. A piece of fruit tested positive so we can all get on with our lives & ignore the fear porn!
Source: SBSNews - 🏆 3. / 89 Read more »
Djokovic accuses critics of 'witch-hunt' - and isn't sure if he will go to US OpenWorld No.1 Novak Djokovic has become troubled by the surge in COVID-19 cases in the US and is considering not playing in New York.
Source: smh - 🏆 6. / 80 Read more »
US hits 3 million coronavirus cases, about a quarter of the world's totalThe US now has three million documented cases of COVID-19, representing roughly a quarter of the world's cases and the same percentage of its deaths. Professor Clementi reveals how coronavirus today is a hundred times weaker than March. Massimo Clementi is a full Professor of Microbiology and Virology, University Vita-Salute San Raffaele, Milan, Italy. It's an absolutely macroscopic difference. Is it worse in the white European community of Americans like Trump's? Or in the black African community of Americans like Obama's? Or in the pure blood and the soil American Natives?
Source: smh - 🏆 6. / 80 Read more »
NSW flags further COVID-19 restrictions with risk of contagion 'extremely high'The options being considered include a second border checkpoint north of border town of Albury or tightening the permit system to further curtail movement in and out of Victoria. NSW citizens and businesses are the ones paying for your incompetence and refusing to close the border with Vic a week ago.....well done Another covid article behind the paywall. This is in the public interest. Open it up. Let’s just have it. It’ll be a friendly reminder to people that it’s not over.
Source: smh - 🏆 6. / 80 Read more »