Unemployed Australians who accessed their super during COVID stayed on benefits seven weeks longer than similarly-placed recipients who did not.
On September 20, the single rate of JobSeeker will climb $25.70, to $668.40 a fortnight – its biggest-ever automatic jump. Yet that’s only $17,378 a year: not even two-thirds of the poverty line.
The concept of unemployment and an unemployment rate is fairly new, dating back to the end of the second world war. It’s increasingly unfit for purpose.
You might be surprised to know that many unemployed Australians are not on unemployment benefits. And then came COVID – which saw a big shift in how many people were able and willing to claim.
Even with the latest small increase, JobSeeker remains low by overseas standards – and, on one measure, it’s the lowest in the OECD.
Research undertaken for the National Summit on Women’s Safety has found one in four young Australian women in financial hardship experienced abuse from a current or former partner.
The most stressed are Australians on JobSeeker and single parents.
Other parents have got back the hours they lost. Not single parents. Many were forced to leave jobs to care for children.
An online survey suggests they found it easier to live, easier to care for their families, and easier to prepare for the world of paid work.
Any permanent increase is welcome, but there’s a long way to go.
Paying out 70% of salary for six months would line us up with much of the rest of the developed world.
Governor Lowe believes the unemployment rate will need to fall well below 5% before inflation climbs to the point where he needs to jack up rates.
The inadequacy of the Newstart payment was recognised long before the pandemic. We shouldn’t go back to it.
A new study highlights significant misunderstandings about the scale and scope of Australians who receive unemployment payments.
Senators have granted a two-year extension to a program for which there is little supporting evidence.
Australia has just run a real-life experiment.
Two-thirds of those surveyed want it linked to wages.
Most Australians get enough to live on in retirement. Some get more they get while working, but 30% get less, and boosting super won’t help them.
It isn’t available to the bulk of the unemployed, it isn’t available to people who’ve been on JobKeeper rather than JobSeeker, and employers can overclaim.
The budget needs to spend big, but it shouldn’t stop there.