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Slowing economy reaps toll on unemployed, firms
More than 900,000 Australians are relying on jobless welfare support payments, as new research reveals one in three small businesses is reporting severe financial hardship and struggling to pay their power bills. Source: The Australian.
Teaching, nursing students to be paid during placements
Student teachers, nurses, midwives and social workers will receive a $320 weekly payment during their mandatory placements under a new cost-of-living measure in the May Budget. Source: The Guardian.Â
Labor wipes out $3 billion of student debt
More than three million Australians will have their student debt wiped in a bid to win over younger voters who have been crushed by the cost-of-living crisis. Source: SBS News.
Albanese flags HECS overhaul in budget
The Albanese Government is expected to change the rate and timing of HECS indexation in the federal budget as people grappling with massive student debt brace for another large rise in June. Source: The Age.
Inflation still a Budget concern: Albanese
Prime Minister Anthony Albanese has further dampened the hopes of those looking for welfare increases in the May Budget, saying it was important that fiscal policy matched monetary policy to see off inflation. Source: Australian Financial Review.
Advocates urge immediate increase to JobSeeker payments
Some of Australia’s lowest income earners are struggling to stay financially afloat as JobSeeker payments fail to keep up with rising living costs, advocates warn. Source: The Australian.
Pressure mounts on Government to overhaul ‘unfair’ HECS system
Former Treasury Secretary Ken Henry has backed an urgent overhaul of the Higher Education Contribution Scheme (HECS) system, saying it is worsening the inequality gap between younger Australians and older generations. Source: 9news.com.au.
Albanese hints at Budget help with energy bills
Households hoping for cost-of-living relief will welcome comments from Prime Minister Anthony Albanese yesterday that hinted at extended energy price help in this year’s federal Budget. Source: 9news.com.au.
Hundreds tell Senate committee they are struggling to afford the basics
A Senate committee which launched an inquiry into the cost of living asked Australians to share their experiences and they have responded – more than 900 by the latest count. Source: ABC News.