Cost of living crisis eased for millions of Aussies
Millions of welfare payment recipients will get a cash boost this week to help with the cost of living crisis.
7News.com.au reports the payments, to almost five million people, will start to be rolled out from tomorrow.
This indexation increase to welfare payments will be the largest in more than 30 years - largely due to rising inflation.
Age Pension, Disability Support Pension and Carer Payments will all rise $38.90 a fortnight for singles and $58.80 a fortnight for couples, 7News.com.au said.
The maximum rate of pension will increase to $1026.50 a fortnight for singles and $773.80 for each member of a pensioner couple or $1547.60 per couple.
JobSeeker, Parenting Payment, ABSTUDY and Rent Assistance recipients will also get a top up.
JobSeeker for singles without children will increase $25.70 a fortnight to $677.20, while Parenting Payment Single will rise $35.20 a fortnight to $927.40.
Read the full story here: https://7news.com.au/lifestyle/personal-finance/millions-of-welfare-payment-recipients-set-to-get-a-cash-boost-this-week-to-help-ease-cost-of-living-pressure-c-8275906
