You could be getting a cash boost! Read on if you’re a welfare or pension recipient

With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
 
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With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
Still a huge shortfall
 
An extra $38 p/f wow.... my private rental went up $60 p/f, some went up a lot more. Fuel rises, food rising and not to forget the price of cigarettes going up (I'm glad I gave up 4 years ago) So where is the little incentive for pensioners? As I stated in a previous article..... 1 step forward, 3 steps backwards.
 
With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
Pensioner will be Still behind the eight ball, and to not be behind we need to be on at least 2500 + per month and then to keep up the twice yearly CPI increase, but of course the corporations (All governments and the one world order) would rather we cease to exist.
 
With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
I think number 1 priority is more public housing and at an affordable rent, if you break it Rent increase.
2 Public Transport free
Pensioner discounts on food in Super markets is number 3 .These three will take a massive strain off Pensioners, and finally not State-based they must be Federal, Australian wide.These actions are easy to implement, so if we all pester our local members it is achievable.
 
With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
Is it the Thursday just gone
 
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Sadly, self funded no help? If we take more from our funds we are penalised. (Which are dwindling due to inflation and they keep raising tge pension age (me) ) We have also taken on the care of our 15 year old granddaughter nothing to help there not going on family payments
 
With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
I have been on a pension now for 10 plus years and this is the first significant increase in all that time. It will not make much difference as the cost of everything else like petrol, insurance, health cover, food, specialist fees etc have all risen by a large amount so will be eaten up easily. I am lucky that I do not have a mortgage so can dip into super which I have been doing over the last few years.
 
With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
The Government are calling this raise as if they had done something. We get this every six months. It is only because inflation is so high. that it is more than usual. We will cheer when we get a genuine raise which we really need.
 
Our pension as normal went up September 2oth so we are not getting any more. It is the normal rise each six months
nothing new
 
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With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
 
Wow I think it is great news for us pensioners, and I am so very great full, I hope everyone else will welcome and enjoy the increase and also be very thankful and great full, considering that in other countries seniors have to be a burden to their loved ones.
Yasmin
 
With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
What the point the government and everyone else has forgotten the pensioners when it comes to cost of living. Don’t you think it’s ridicules that the governmeant can give parents earning over in excess of $125 to $500k a child care subsidy, when we had kid we paid our own way if we wanted our kids to go to day care or we stayed home with them and organised our own play groups but not theses days todays todays parents believe they deserve a days off for so they can have their me time, to get their nails or catch up with girlfriend for lunch dates. No wonder the government had no funds left for pensioners who have worked most of their lives and when they need support and a decent pension it no where to be found. Cost of living, pensioners aren’t living they are non reality only just keeping their heads above water.
 
With inflation at an all-time high, it’s Australians living on fixed incomes such as retirees, veterans, and pensioners who are feeling it most.

Luckily, it is said that almost 5 million Australian retirees are due to receive increased welfare and pension payments starting Thursday, as a result of the inflation rate hitting its highest point in decades.



Amanda Rishworth, the Minister for Social Services, said that the increase in payments is the largest in over 30 years for allowances and 12 years for pensions.

She went on to say that the payments are going to 'help all Australians, including veterans,' by easing the cost of living pressures.

Meanwhile, Matt Keogh, the Minister for Veterans’ Affairs, said that the Labor party is guided by principles that ‘ensure no one is left behind and no one is held back’.

96cy3r5JQZh6pp64xuRykQOSgZCFx1sXJUnsBAyEsR7c9WVA2jNdPnKHfUmBIn5i2vLFHNRv7geAwxLngrvkDcQ20Ii4WYBcHoqybdAKc_q4MdGA515nvfbSqFcD_LUleLcCgrjCUpb22MRopmxMxeV0bOh-t6lSSmmxEmYCp8o7cz5Zc7l7Abv1

The increase in the payments aims to 'help all Australians, including veterans,' during this time of inflation, according to the Minister for Social Services Amanda Rishworth. Credit: NCA NewsWire / Martin Ollman.

But if you're scratching your head trying to figure out why this is happening, it's not because the government decided to give you a pay raise.

The reason your pension and welfare payments are about to get bigger is because Australian pensions are subject to an automatic recalculation every six months that corresponds to a change in the consumer price index.



In the most recent round of indexation, the service pension, age pension, disability support pension, and carer payment have all increased by $38.90 per fortnight for singles and $58.80 per fortnight for couples.

The maximum pension rate has been raised to $1026.50 a fortnight for singles and $773.80 for each retiree in a pair, for a total of $1547.60 per couple, including the pension supplement and energy supplement.

At the same time, those who receive the minimum Jobseeker payment will receive an increase of $25.70 every fortnight, while those receiving the parenting payment will receive an increase of $35.20 every fortnight.



While the increase is welcome news for those who are struggling to make ends meet, it is only a temporary measure that does not address the underlying problems facing many Australians.

The cost of living is rising faster than wages, and this is putting immense pressure on families and individuals across the country.

Many are forced to choose between essentials like food and rent, and the increase in pension payments will do little to alleviate this financial stress.



What is needed is a long-term solution that addresses the cost-of-living crisis.

What are your thoughts on this? Better yet, will this increase make a significant impact to your budget? Let us know in the comments below!
As a public housing tenant,the increase will make no significant difference to me. The government giveth and the government taketh away! With pension increase comes an automatic rental increase! Thanks for nothing.
 

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News, deals, games, and bargains for Aussies over 60. From everyday expenses like groceries and eating out, to electronics, fashion and travel, the club is all about helping you make your money go further.

Seniors Discount Club

The SDC searches for the best deals, discounts, and bargains for Aussies over 60. From everyday expenses like groceries and eating out, to electronics, fashion and travel, the club is all about helping you make your money go further.
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  • We believe that retirement should be a time to relax and enjoy life, not worry about money. That's why we're here to help our members make the most of their retirement years. If you're over 60 and looking for ways to save money, connect with others, and have a laugh, we’d love to have you aboard.
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