The data showed nearly 70 per cent of the stimulus went to people aged 65 and over, and 45 per cent of that group added the money to their savings.
"Our research shows that the average retiree is a net saver, that even applies to those receiving the pension," he said.He said the higher numbers saving the money in South Australia reflected the state's older average age.Nearly half — 47 per cent — of Tasmanians received the stimulus money."Savings rates rise even if the payments are effective," he said.
Around half the people who received a stimulus payment were unemployed or not in the labour force, and receiving the Newstart allowance which was subsequently replaced by the JobSeeker program.How Melbourne's stage 4 restrictions compare to the world's toughest lockdowns She said one group, who were managing to live on the old Newstart allowance but spending about 20 per cent more than they were getting every week, would have spent the stimulus money.
'The data showed nearly 70 per cent of the stimulus went to people aged 65 and over, and 45 per cent of that group added the money to their savings.'...means only 30% went to people under 65..............................
What stimulus. Didn't stop working .
🎰
I did nothing because we essential workers got kicked in the nuts
Did the survey ask who bought drugs and alcohol? That's where the money went
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