Largest pension increase in more than 12 years announced as the cost of living soars

These days, it seems like every report is about the increasing prices of goods and services. This can make us feel hopeless, wondering if there is any relief in sight.

But don't fret! We previously reported about the payment boost for thousands of Australians residing in South Australia.

Now, here is some more good news for everyone!



According to fresh reports, welfare payments are expected to receive the highest indexation hike in up to 30 years. That's right, those of us who are struggling to make ends meet may finally be seeing some relief.

The adjustment will include the increase as part of a regular recalibration to reflect changes in the Consumer Price Index. and it's about time.

Treasurer Jim Chalmers said it's high time for the payments to keep up with the skyrocketing prices, and we couldn't agree more.

He said: 'That's why they're indexed twice a year, and every little bit helps.'

'This indexation will be particularly big this month because inflation is particularly challenging.'

ZriGkUDLm4oOCVkvaE_GCp-ywYvLofx7q6Uhjon0EWNqsmXM5N9mmgrfZd9kBxwNeZnlW9Jy8V30gwUWa--OmcdXB44n1r_xq5CtJQSzXILC1Fpd2CIBYbNk2SYmxhpgMM4YhXTYvRfHEUVjmVyKNtE7X57022L6HehrUa9CKIRZyBFXF-MUPSHl

Centrelink recipients will receive a boost in their payments as the government vows to adjust the allowances with the skyrocketing costs of living. Credit: ABC News.

It was reported that the Age and Disability Support Pensions, and the Carer Payment will increase by $38.90 for individuals and $58.80 for couples per fortnight.

Additionally, there will be increases to the JobSeeker Payment, Parenting Payment, ABSTUDY, and Rent Assistance, with single parents receiving an additional $35.20 each fortnight, bringing their Parenting Payment to $927.40, including the Energy Supplement.

Mr Chalmers added: 'And we know that it won't solve every problem for everybody, but it's important that we try and make sure that those payments keep up.'

'That's what the indexation is about. It will be welcome even as we acknowledge that times will still be tough for a lot of people.'



Couples receiving Jobseeker or Parenting Payments will see a fortnightly rate increase of $23.40 to $616.60, which includes the Energy Supplement.

The government also noted that the increase in payments due to indexation is the biggest in more than 30 years for allowances and in 12 years for pensions.

The maximum pension rate will rise to $1,026.50 per fortnight for singles and to $773.80 per person or $1,547.60 per couple for pensioner couples.

While this news is certainly welcome, it's important to remember that it's just a drop in the bucket.

Acting chief executive for the Australian Council of Social Service (ACOSS), Edwina MacDonald, said the aid was not enough.

'It's really just a drop in the ocean at this point and as the non-discretionary inflation is higher than the CPI, they are still going backwards in terms of what they can afford to buy at the moment,' she said.



A minimum 35% increase in social security benefits has been demanded by the group, claiming that if it was to be approved the daily amount paid to jobseekers would increase to $70, which is more in line with what is required to lift individuals out of poverty.

Economists predict that the cost of living will rise even further when the temporary reduction in the fuel excise tax expires later this month.

Treasurer Jim Chalmers has ruled out an extension, explaining: 'It would be too expensive to continue that petrol price relief indefinitely.'

'I think Australians understand that we've inherited a budget which is heaving with a trillion dollars in Liberal Party debt and that means some difficult decisions including this one.'



Some good news, some bad news. But at least we're seeing some progress when it comes to helping those who are struggling to make ends meet. Here’s to more pension increases in the future!

So, there you have it, folks! Do you think the government should do more about the increasing prices of essentials aside from providing additional relief?
 
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These days, it seems like every report is about the increasing prices of goods and services. This can make us feel hopeless, wondering if there is any relief in sight.

But don't fret! We previously reported about the payment boost for thousands of Australians residing in South Australia.

Now, here is some more good news for everyone!



According to fresh reports, welfare payments are expected to receive the highest indexation hike in up to 30 years. That's right, those of us who are struggling to make ends meet may finally be seeing some relief.

The adjustment will include the increase as part of a regular recalibration to reflect changes in the Consumer Price Index. and it's about time.

Treasurer Jim Chalmers said it's high time for the payments to keep up with the skyrocketing prices, and we couldn't agree more.

He said: 'That's why they're indexed twice a year, and every little bit helps.'

'This indexation will be particularly big this month because inflation is particularly challenging.'

ZriGkUDLm4oOCVkvaE_GCp-ywYvLofx7q6Uhjon0EWNqsmXM5N9mmgrfZd9kBxwNeZnlW9Jy8V30gwUWa--OmcdXB44n1r_xq5CtJQSzXILC1Fpd2CIBYbNk2SYmxhpgMM4YhXTYvRfHEUVjmVyKNtE7X57022L6HehrUa9CKIRZyBFXF-MUPSHl

Centrelink recipients will receive a boost in their payments as the government vows to adjust the allowances with the skyrocketing costs of living. Credit: ABC News.

It was reported that the Age and Disability Support Pensions, and the Carer Payment will increase by $38.90 for individuals and $58.80 for couples per fortnight.

Additionally, there will be increases to the JobSeeker Payment, Parenting Payment, ABSTUDY, and Rent Assistance, with single parents receiving an additional $35.20 each fortnight, bringing their Parenting Payment to $927.40, including the Energy Supplement.

Mr Chalmers added: 'And we know that it won't solve every problem for everybody, but it's important that we try and make sure that those payments keep up.'

'That's what the indexation is about. It will be welcome even as we acknowledge that times will still be tough for a lot of people.'



Couples receiving Jobseeker or Parenting Payments will see a fortnightly rate increase of $23.40 to $616.60, which includes the Energy Supplement.

The government also noted that the increase in payments due to indexation is the biggest in more than 30 years for allowances and in 12 years for pensions.

The maximum pension rate will rise to $1,026.50 per week for singles and to $773.80 per person or $1,547.60 per couple for pensioner couples.

While this news is certainly welcome, it's important to remember that it's just a drop in the bucket.

Acting chief executive for the Australian Council of Social Service (ACOSS), Edwina MacDonald, said the aid was not enough.

'It's really just a drop in the ocean at this point and as the non-discretionary inflation is higher than the CPI, they are still going backwards in terms of what they can afford to buy at the moment,' she said.



A minimum 35% increase in social security benefits has been demanded by the group, claiming that if it was to be approved the daily amount paid to jobseekers would increase to $70, which is more in line with what is required to lift individuals out of poverty.

Economists predict that the cost of living will rise even further when the temporary reduction in the fuel excise tax expires later this month.

Treasurer Jim Chalmers has ruled out an extension, explaining: 'It would be too expensive to continue that petrol price relief indefinitely.'

'I think Australians understand that we've inherited a budget which is heaving with a trillion dollars in Liberal Party debt and that means some difficult decisions including this one.'



Some good news, some bad news. But at least we're seeing some progress when it comes to helping those who are struggling to make ends meet. Here’s to more pension increases in the future!

So, there you have it, folks! Do you think the government should do more about the increasing prices of essentials aside from providing additional relief?
Towards the end of the article on the new Pension rates effective from September 20th, there’s an error. The maximum pension rates for singles and couples is per fortnight, not weekly as shown.
 
These days, it seems like every report is about the increasing prices of goods and services. This can make us feel hopeless, wondering if there is any relief in sight.

But don't fret! We previously reported about the payment boost for thousands of Australians residing in South Australia.

Now, here is some more good news for everyone!



According to fresh reports, welfare payments are expected to receive the highest indexation hike in up to 30 years. That's right, those of us who are struggling to make ends meet may finally be seeing some relief.

The adjustment will include the increase as part of a regular recalibration to reflect changes in the Consumer Price Index. and it's about time.

Treasurer Jim Chalmers said it's high time for the payments to keep up with the skyrocketing prices, and we couldn't agree more.

He said: 'That's why they're indexed twice a year, and every little bit helps.'

'This indexation will be particularly big this month because inflation is particularly challenging.'

ZriGkUDLm4oOCVkvaE_GCp-ywYvLofx7q6Uhjon0EWNqsmXM5N9mmgrfZd9kBxwNeZnlW9Jy8V30gwUWa--OmcdXB44n1r_xq5CtJQSzXILC1Fpd2CIBYbNk2SYmxhpgMM4YhXTYvRfHEUVjmVyKNtE7X57022L6HehrUa9CKIRZyBFXF-MUPSHl

Centrelink recipients will receive a boost in their payments as the government vows to adjust the allowances with the skyrocketing costs of living. Credit: ABC News.

It was reported that the Age and Disability Support Pensions, and the Carer Payment will increase by $38.90 for individuals and $58.80 for couples per fortnight.

Additionally, there will be increases to the JobSeeker Payment, Parenting Payment, ABSTUDY, and Rent Assistance, with single parents receiving an additional $35.20 each fortnight, bringing their Parenting Payment to $927.40, including the Energy Supplement.

Mr Chalmers added: 'And we know that it won't solve every problem for everybody, but it's important that we try and make sure that those payments keep up.'

'That's what the indexation is about. It will be welcome even as we acknowledge that times will still be tough for a lot of people.'



Couples receiving Jobseeker or Parenting Payments will see a fortnightly rate increase of $23.40 to $616.60, which includes the Energy Supplement.

The government also noted that the increase in payments due to indexation is the biggest in more than 30 years for allowances and in 12 years for pensions.

The maximum pension rate will rise to $1,026.50 per week for singles and to $773.80 per person or $1,547.60 per couple for pensioner couples.

While this news is certainly welcome, it's important to remember that it's just a drop in the bucket.

Acting chief executive for the Australian Council of Social Service (ACOSS), Edwina MacDonald, said the aid was not enough.

'It's really just a drop in the ocean at this point and as the non-discretionary inflation is higher than the CPI, they are still going backwards in terms of what they can afford to buy at the moment,' she said.



A minimum 35% increase in social security benefits has been demanded by the group, claiming that if it was to be approved the daily amount paid to jobseekers would increase to $70, which is more in line with what is required to lift individuals out of poverty.

Economists predict that the cost of living will rise even further when the temporary reduction in the fuel excise tax expires later this month.

Treasurer Jim Chalmers has ruled out an extension, explaining: 'It would be too expensive to continue that petrol price relief indefinitely.'

'I think Australians understand that we've inherited a budget which is heaving with a trillion dollars in Liberal Party debt and that means some difficult decisions including this one.'



Some good news, some bad news. But at least we're seeing some progress when it comes to helping those who are struggling to make ends meet. Here’s to more pension increases in the future!

So, there you have it, folks! Do you think the government should do more about the increasing prices of essentials aside from providing additional relief?
Is this for all Australia or just SA
 
I noted that there will be an increase to ABSTUDY but not AUSTUDY, why? When it comes to education it’s important that everyone gets exactly the same support. Parents all over Australia struggle when it comes to paying for education no matter what colour their skin is.
 
Tim, it is very nice to put it up $38.90 but why do you keep putting up the child payments when in days gone by it was the parents responsibality.
If you have children it is up to you to think about if you could afford to bring them up until they were 16 or 18 years of age. These days they get so much for having the child so much to make sure the child has been inumised and then they get paid vasts amounts of money in care and endowment each fortnight for caring. You have taken the responsibility away from the parent. I have a friend with r children and the amount of funding from the Government and both wages they are on easy street I can tell you. This sort of thing has to change it is not substainable. It is the parents responsibility to care and pay for there family. We are not RABBITST. Talk to one other before you commit to having another child and think if it is affordable, not how much the government can pay. Can you pay for that child's upbringing. not the Governments.
 
Grateful to taxpayers for any increase. It will help cover the extra monies already paid out since election on food & energy. So the BOOT ( better off overall test) of Labor does not apply. Sorry Labor is still going on about the Trillion dollars of debt it inherited. What would Labor have done in the middle of a world wide pandemic? Spent ZERO dollars???
 
These days, it seems like every report is about the increasing prices of goods and services. This can make us feel hopeless, wondering if there is any relief in sight.

But don't fret! We previously reported about the payment boost for thousands of Australians residing in South Australia.

Now, here is some more good news for everyone!



According to fresh reports, welfare payments are expected to receive the highest indexation hike in up to 30 years. That's right, those of us who are struggling to make ends meet may finally be seeing some relief.

The adjustment will include the increase as part of a regular recalibration to reflect changes in the Consumer Price Index. and it's about time.

Treasurer Jim Chalmers said it's high time for the payments to keep up with the skyrocketing prices, and we couldn't agree more.

He said: 'That's why they're indexed twice a year, and every little bit helps.'

'This indexation will be particularly big this month because inflation is particularly challenging.'

ZriGkUDLm4oOCVkvaE_GCp-ywYvLofx7q6Uhjon0EWNqsmXM5N9mmgrfZd9kBxwNeZnlW9Jy8V30gwUWa--OmcdXB44n1r_xq5CtJQSzXILC1Fpd2CIBYbNk2SYmxhpgMM4YhXTYvRfHEUVjmVyKNtE7X57022L6HehrUa9CKIRZyBFXF-MUPSHl

Centrelink recipients will receive a boost in their payments as the government vows to adjust the allowances with the skyrocketing costs of living. Credit: ABC News.

It was reported that the Age and Disability Support Pensions, and the Carer Payment will increase by $38.90 for individuals and $58.80 for couples per fortnight.

Additionally, there will be increases to the JobSeeker Payment, Parenting Payment, ABSTUDY, and Rent Assistance, with single parents receiving an additional $35.20 each fortnight, bringing their Parenting Payment to $927.40, including the Energy Supplement.

Mr Chalmers added: 'And we know that it won't solve every problem for everybody, but it's important that we try and make sure that those payments keep up.'

'That's what the indexation is about. It will be welcome even as we acknowledge that times will still be tough for a lot of people.'



Couples receiving Jobseeker or Parenting Payments will see a fortnightly rate increase of $23.40 to $616.60, which includes the Energy Supplement.

The government also noted that the increase in payments due to indexation is the biggest in more than 30 years for allowances and in 12 years for pensions.

The maximum pension rate will rise to $1,026.50 per week for singles and to $773.80 per person or $1,547.60 per couple for pensioner couples.

While this news is certainly welcome, it's important to remember that it's just a drop in the bucket.

Acting chief executive for the Australian Council of Social Service (ACOSS), Edwina MacDonald, said the aid was not enough.

'It's really just a drop in the ocean at this point and as the non-discretionary inflation is higher than the CPI, they are still going backwards in terms of what they can afford to buy at the moment,' she said.



A minimum 35% increase in social security benefits has been demanded by the group, claiming that if it was to be approved the daily amount paid to jobseekers would increase to $70, which is more in line with what is required to lift individuals out of poverty.

Economists predict that the cost of living will rise even further when the temporary reduction in the fuel excise tax expires later this month.

Treasurer Jim Chalmers has ruled out an extension, explaining: 'It would be too expensive to continue that petrol price relief indefinitely.'

'I think Australians understand that we've inherited a budget which is heaving with a trillion dollars in Liberal Party debt and that means some difficult decisions including this one.'



Some good news, some bad news. But at least we're seeing some progress when it comes to helping those who are struggling to make ends meet. Here’s to more pension increases in the future!

So, there you have it, folks! Do you think the government should do more about the increasing prices of essentials aside from providing additional relief?
Thank you for the increase but the State takes it back with increasing our rent in social housing, so really not that much just filling the state coffers
 
These days, it seems like every report is about the increasing prices of goods and services. This can make us feel hopeless, wondering if there is any relief in sight.

But don't fret! We previously reported about the payment boost for thousands of Australians residing in South Australia.

Now, here is some more good news for everyone!



According to fresh reports, welfare payments are expected to receive the highest indexation hike in up to 30 years. That's right, those of us who are struggling to make ends meet may finally be seeing some relief.

The adjustment will include the increase as part of a regular recalibration to reflect changes in the Consumer Price Index. and it's about time.

Treasurer Jim Chalmers said it's high time for the payments to keep up with the skyrocketing prices, and we couldn't agree more.

He said: 'That's why they're indexed twice a year, and every little bit helps.'

'This indexation will be particularly big this month because inflation is particularly challenging.'

ZriGkUDLm4oOCVkvaE_GCp-ywYvLofx7q6Uhjon0EWNqsmXM5N9mmgrfZd9kBxwNeZnlW9Jy8V30gwUWa--OmcdXB44n1r_xq5CtJQSzXILC1Fpd2CIBYbNk2SYmxhpgMM4YhXTYvRfHEUVjmVyKNtE7X57022L6HehrUa9CKIRZyBFXF-MUPSHl

Centrelink recipients will receive a boost in their payments as the government vows to adjust the allowances with the skyrocketing costs of living. Credit: ABC News.

It was reported that the Age and Disability Support Pensions, and the Carer Payment will increase by $38.90 for individuals and $58.80 for couples per fortnight.

Additionally, there will be increases to the JobSeeker Payment, Parenting Payment, ABSTUDY, and Rent Assistance, with single parents receiving an additional $35.20 each fortnight, bringing their Parenting Payment to $927.40, including the Energy Supplement.

Mr Chalmers added: 'And we know that it won't solve every problem for everybody, but it's important that we try and make sure that those payments keep up.'

'That's what the indexation is about. It will be welcome even as we acknowledge that times will still be tough for a lot of people.'



Couples receiving Jobseeker or Parenting Payments will see a fortnightly rate increase of $23.40 to $616.60, which includes the Energy Supplement.

The government also noted that the increase in payments due to indexation is the biggest in more than 30 years for allowances and in 12 years for pensions.

The maximum pension rate will rise to $1,026.50 per week for singles and to $773.80 per person or $1,547.60 per couple for pensioner couples.

While this news is certainly welcome, it's important to remember that it's just a drop in the bucket.

Acting chief executive for the Australian Council of Social Service (ACOSS), Edwina MacDonald, said the aid was not enough.

'It's really just a drop in the ocean at this point and as the non-discretionary inflation is higher than the CPI, they are still going backwards in terms of what they can afford to buy at the moment,' she said.



A minimum 35% increase in social security benefits has been demanded by the group, claiming that if it was to be approved the daily amount paid to jobseekers would increase to $70, which is more in line with what is required to lift individuals out of poverty.

Economists predict that the cost of living will rise even further when the temporary reduction in the fuel excise tax expires later this month.

Treasurer Jim Chalmers has ruled out an extension, explaining: 'It would be too expensive to continue that petrol price relief indefinitely.'

'I think Australians understand that we've inherited a budget which is heaving with a trillion dollars in Liberal Party debt and that means some difficult decisions including this one.'



Some good news, some bad news. But at least we're seeing some progress when it comes to helping those who are struggling to make ends meet. Here’s to more pension increases in the future!

So, there you have it, folks! Do you think the government should do more about the increasing prices of essentials aside from providing additional relief?
Unfortunately every time people living in social housing get these rises they automatically lose 25% of the rise to rent .
 
Finally, It is a nice "little" bonus for pensioners, and $19.45 p/w (whether this includes Rent Assistants or not) is all well and good, but as from October this year my rent has just increased another $30 p/w.. This is what is happening with the majority of private renters. Now it is 1 step forward, 3 steps backwards....... Lets see what the politicians next pay increase will be.
 
These days, it seems like every report is about the increasing prices of goods and services. This can make us feel hopeless, wondering if there is any relief in sight.

But don't fret! We previously reported about the payment boost for thousands of Australians residing in South Australia.

Now, here is some more good news for everyone!



According to fresh reports, welfare payments are expected to receive the highest indexation hike in up to 30 years. That's right, those of us who are struggling to make ends meet may finally be seeing some relief.

The adjustment will include the increase as part of a regular recalibration to reflect changes in the Consumer Price Index. and it's about time.

Treasurer Jim Chalmers said it's high time for the payments to keep up with the skyrocketing prices, and we couldn't agree more.

He said: 'That's why they're indexed twice a year, and every little bit helps.'

'This indexation will be particularly big this month because inflation is particularly challenging.'

ZriGkUDLm4oOCVkvaE_GCp-ywYvLofx7q6Uhjon0EWNqsmXM5N9mmgrfZd9kBxwNeZnlW9Jy8V30gwUWa--OmcdXB44n1r_xq5CtJQSzXILC1Fpd2CIBYbNk2SYmxhpgMM4YhXTYvRfHEUVjmVyKNtE7X57022L6HehrUa9CKIRZyBFXF-MUPSHl

Centrelink recipients will receive a boost in their payments as the government vows to adjust the allowances with the skyrocketing costs of living. Credit: ABC News.

It was reported that the Age and Disability Support Pensions, and the Carer Payment will increase by $38.90 for individuals and $58.80 for couples per fortnight.

Additionally, there will be increases to the JobSeeker Payment, Parenting Payment, ABSTUDY, and Rent Assistance, with single parents receiving an additional $35.20 each fortnight, bringing their Parenting Payment to $927.40, including the Energy Supplement.

Mr Chalmers added: 'And we know that it won't solve every problem for everybody, but it's important that we try and make sure that those payments keep up.'

'That's what the indexation is about. It will be welcome even as we acknowledge that times will still be tough for a lot of people.'



Couples receiving Jobseeker or Parenting Payments will see a fortnightly rate increase of $23.40 to $616.60, which includes the Energy Supplement.

The government also noted that the increase in payments due to indexation is the biggest in more than 30 years for allowances and in 12 years for pensions.

The maximum pension rate will rise to $1,026.50 per week for singles and to $773.80 per person or $1,547.60 per couple for pensioner couples.

While this news is certainly welcome, it's important to remember that it's just a drop in the bucket.

Acting chief executive for the Australian Council of Social Service (ACOSS), Edwina MacDonald, said the aid was not enough.

'It's really just a drop in the ocean at this point and as the non-discretionary inflation is higher than the CPI, they are still going backwards in terms of what they can afford to buy at the moment,' she said.



A minimum 35% increase in social security benefits has been demanded by the group, claiming that if it was to be approved the daily amount paid to jobseekers would increase to $70, which is more in line with what is required to lift individuals out of poverty.

Economists predict that the cost of living will rise even further when the temporary reduction in the fuel excise tax expires later this month.

Treasurer Jim Chalmers has ruled out an extension, explaining: 'It would be too expensive to continue that petrol price relief indefinitely.'

'I think Australians understand that we've inherited a budget which is heaving with a trillion dollars in Liberal Party debt and that means some difficult decisions including this one.'



Some good news, some bad news. But at least we're seeing some progress when it comes to helping those who are struggling to make ends meet. Here’s to more pension increases in the future!

So, there you have it, folks! Do you think the government should do more about the increasing prices of essentials aside from providing additional relief?
 
There are so many places out there looking for workers so get some of these people OFF THE DOLE ( who's never worked) and out working instead of grizzling.Im in my 70s and have gone back to do a few hrs a week to make ends meet. I do feel for some who are really struggling and need the little xtra.
 
It will be nice to get an increase but I fear our rents will go up as well. They usually give with one hand and take with the other.
yes that happens all the time if you happen to be lucky enough to be in a government house which means we keep getting further and further behind with the food and utility costs.... My brothers rent cost just went up $50 per Fn so the $38 does not even cover the greedy landlords charges, and nothing changed in the complex...... I hate to think of how those not in government housing are coping as even I find it difficult especially when some medications are not on the PCB.... Do I eat only 4 days a week and get my meds or not
 
Can anyone advise me what is the criteria to successfully apply for a Seniors Health Card?
I am sure Centerlink can help. Better to go into their offices early in the morning. They have always helped me out.
 
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Tim, it is very nice to put it up $38.90 but why do you keep putting up the child payments when in days gone by it was the parents responsibality.
If you have children it is up to you to think about if you could afford to bring them up until they were 16 or 18 years of age. These days they get so much for having the child so much to make sure the child has been inumised and then they get paid vasts amounts of money in care and endowment each fortnight for caring. You have taken the responsibility away from the parent. I have a friend with r children and the amount of funding from the Government and both wages they are on easy street I can tell you. This sort of thing has to change it is not substainable. It is the parents responsibility to care and pay for there family. We are not RABBITST. Talk to one other before you commit to having another child and think if it is affordable, not how much the government can pay. Can you pay for that child's upbringing. not the Governments.
Maybe that’s why they have so many children……..they get paid to look after their own children, no need to work.
Tax payers are their employer, not the government 🤷🏻‍♀️🤷🏻‍♀️
 
These days, it seems like every report is about the increasing prices of goods and services. This can make us feel hopeless, wondering if there is any relief in sight.

But don't fret! We previously reported about the payment boost for thousands of Australians residing in South Australia.

Now, here is some more good news for everyone!



According to fresh reports, welfare payments are expected to receive the highest indexation hike in up to 30 years. That's right, those of us who are struggling to make ends meet may finally be seeing some relief.

The adjustment will include the increase as part of a regular recalibration to reflect changes in the Consumer Price Index. and it's about time.

Treasurer Jim Chalmers said it's high time for the payments to keep up with the skyrocketing prices, and we couldn't agree more.

He said: 'That's why they're indexed twice a year, and every little bit helps.'

'This indexation will be particularly big this month because inflation is particularly challenging.'

ZriGkUDLm4oOCVkvaE_GCp-ywYvLofx7q6Uhjon0EWNqsmXM5N9mmgrfZd9kBxwNeZnlW9Jy8V30gwUWa--OmcdXB44n1r_xq5CtJQSzXILC1Fpd2CIBYbNk2SYmxhpgMM4YhXTYvRfHEUVjmVyKNtE7X57022L6HehrUa9CKIRZyBFXF-MUPSHl

Centrelink recipients will receive a boost in their payments as the government vows to adjust the allowances with the skyrocketing costs of living. Credit: ABC News.

It was reported that the Age and Disability Support Pensions, and the Carer Payment will increase by $38.90 for individuals and $58.80 for couples per fortnight.

Additionally, there will be increases to the JobSeeker Payment, Parenting Payment, ABSTUDY, and Rent Assistance, with single parents receiving an additional $35.20 each fortnight, bringing their Parenting Payment to $927.40, including the Energy Supplement.

Mr Chalmers added: 'And we know that it won't solve every problem for everybody, but it's important that we try and make sure that those payments keep up.'

'That's what the indexation is about. It will be welcome even as we acknowledge that times will still be tough for a lot of people.'



Couples receiving Jobseeker or Parenting Payments will see a fortnightly rate increase of $23.40 to $616.60, which includes the Energy Supplement.

The government also noted that the increase in payments due to indexation is the biggest in more than 30 years for allowances and in 12 years for pensions.

The maximum pension rate will rise to $1,026.50 per week for singles and to $773.80 per person or $1,547.60 per couple for pensioner couples.

While this news is certainly welcome, it's important to remember that it's just a drop in the bucket.

Acting chief executive for the Australian Council of Social Service (ACOSS), Edwina MacDonald, said the aid was not enough.

'It's really just a drop in the ocean at this point and as the non-discretionary inflation is higher than the CPI, they are still going backwards in terms of what they can afford to buy at the moment,' she said.



A minimum 35% increase in social security benefits has been demanded by the group, claiming that if it was to be approved the daily amount paid to jobseekers would increase to $70, which is more in line with what is required to lift individuals out of poverty.

Economists predict that the cost of living will rise even further when the temporary reduction in the fuel excise tax expires later this month.

Treasurer Jim Chalmers has ruled out an extension, explaining: 'It would be too expensive to continue that petrol price relief indefinitely.'

'I think Australians understand that we've inherited a budget which is heaving with a trillion dollars in Liberal Party debt and that means some difficult decisions including this one.'



Some good news, some bad news. But at least we're seeing some progress when it comes to helping those who are struggling to make ends meet. Here’s to more pension increases in the future!

So, there you have it, folks! Do you think the government should do more about the increasing prices of essentials aside from providing additional relief?
Promises, promises, promises . . . but ‘when’? is the question!
 
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Frankly I am sick to death of these Labor people always talking about Liberal debt. They were complicit in all money given out during the pandemic and in fact wanted more and they were the ones keen on lock downs causing more financial losses. So stop the rot we see through it.
 

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