Over 55? Albanese government plans to boost JobSeeker payments in upcoming Budget
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The Albanese government is set to announce a shakeup to Centrelink's JobSeeker payments – and if you're aged over 55, there could be an extra bonus in store for you!
According to recent reports, recipients aged over 55 will receive a modest increase to the current $50 daily JobSeeker rate. This move is part of a suite of cost-of-living measures to be put into action with this month’s budget, specifically targeting hard-hit workers such as the long-term unemployed and older Australians.
The raise for older JobSeekers is set to benefit around 200,000 welfare recipients. It’s likely to be a small but modest increase that falls short of the $100 a week increase welfare advocates have been pushing for.
However, every little bit helps, and this could mean a significant difference for those who have been struggling to make ends meet on the current payment rate. As many of you may know, trying to make the most out of a tight budget can be beyond challenging.
This proposed increase will first apply only to those aged 55 and over.
At present, a single person aged 60 and over who has been receiving JobSeeker for nine months receives $745 per fortnight.
On top of a boost to JobSeeker payments, Labor is also looking into making changes to rent assistance, which is another huge consideration for seniors living on a fixed income.
Treasurer, Jim Chalmers, and Social Services Minister, Amanda Rishworth, have released a statement saying: 'We’ve been saying that for some time. I’ve also been saying there will be a very significant cost of living package in this budget and that that will be targeted to most vulnerable Australians, I think that’s what you’d expect from a Labor government.'
Meanwhile, PM Anthony Albanese, told a press conference on Monday afternoon that the government would have ‘a comprehensive plan for lifting living standards’.
‘You’ll see a range of other measures in the budget in eight days’ time, which arise from the understanding that we have that people are doing it tough. We’ve had global inflation. So, we need to make sure we keep on top of inflation. But at the same time, we’re doing what we can to provide that relief for people.’ he continued.
At this stage, there is no further word on the specifics of the upcoming Budget shakeup – but you can be sure that we will keep you updated with the latest information that impacts you as soon as it comes in!
According to recent reports, recipients aged over 55 will receive a modest increase to the current $50 daily JobSeeker rate. This move is part of a suite of cost-of-living measures to be put into action with this month’s budget, specifically targeting hard-hit workers such as the long-term unemployed and older Australians.
Over 55 JobSeeker recipients are expected to receive a boost in the upcoming budget. Image Credit: Shutterstock
The raise for older JobSeekers is set to benefit around 200,000 welfare recipients. It’s likely to be a small but modest increase that falls short of the $100 a week increase welfare advocates have been pushing for.
However, every little bit helps, and this could mean a significant difference for those who have been struggling to make ends meet on the current payment rate. As many of you may know, trying to make the most out of a tight budget can be beyond challenging.
This proposed increase will first apply only to those aged 55 and over.
At present, a single person aged 60 and over who has been receiving JobSeeker for nine months receives $745 per fortnight.
On top of a boost to JobSeeker payments, Labor is also looking into making changes to rent assistance, which is another huge consideration for seniors living on a fixed income.
Treasurer, Jim Chalmers, and Social Services Minister, Amanda Rishworth, have released a statement saying: 'We’ve been saying that for some time. I’ve also been saying there will be a very significant cost of living package in this budget and that that will be targeted to most vulnerable Australians, I think that’s what you’d expect from a Labor government.'
Meanwhile, PM Anthony Albanese, told a press conference on Monday afternoon that the government would have ‘a comprehensive plan for lifting living standards’.
‘You’ll see a range of other measures in the budget in eight days’ time, which arise from the understanding that we have that people are doing it tough. We’ve had global inflation. So, we need to make sure we keep on top of inflation. But at the same time, we’re doing what we can to provide that relief for people.’ he continued.
At this stage, there is no further word on the specifics of the upcoming Budget shakeup – but you can be sure that we will keep you updated with the latest information that impacts you as soon as it comes in!
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