Visitors Now:
Total Visits:
Total Stories:
Profile image
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

Let’s Talk: How will the planned benefit cuts by the PM affect you?

Friday, October 14, 2016 10:00
% of readers think this story is Fact. Add your two cents.

(Before It's News)

centrelink

The number of older Australians receiving benefits from the government is rising rapidly, raising fresh concerns about the Turnbull government’s plan to cut unemployment benefits.

New figures from the Department of Social Services show there are now 241,000 people in their 50s and 60s collecting Newstart – up by more than 40,000 in just two years and more than 100,000 since 2012.

USDomino-720x90Style-2

That means 31.5 per cent of the 768,000 Australians on Newstart are aged over 50, when long-term unemployment is much more common due to changes to traditional industries and the barriers to retraining.

The number is also going up proportionally, from 25 per cent of over-50s in 2012 when the overall figure was 138,000.

The growth rate is dramatically higher than the growth in the number of over-50s in the general population.

The ballooning numbers raise new concerns about Prime Minister Malcolm Turnbull’s bid to axe a supplement – introduced by Labor – for anyone who applies for Newstart after September 20.

The supplement was introduced by Labor to compensate households that paid no tax for the impact of the carbon price.

The government argues with the carbon price gone the compensation should be cut too, however the middle class tax cuts associated with the tax are not being touched.

Critics say cutting the clean energy supplement will create a two-tiered system in which the newly unemployed will be paid a record low of 32 per cent below the poverty line. The $1.4 billion cut was announced in this year’s budget going against the advice even of business groups.

“Trump warns Americans about the coming economic collapse” VIDEO>>

The base Newstart rate for singles is $263.80 – a paltry $37.70 a day. The supplement adds $4.40 a week.

This is in stark comparison to the recent news that the pollies have been spending taxpayers dollars shamelessly, including the Prime Minister, who spent almost $200,000 entertaining guests in his first six months in office, hosting 16 functions.

Ian Yates from the Council of the Ageing, or COTA, strongly opposes the cuts because “Newstart is so appallingly low anyway. When you live well below the poverty line on Newstart then $4 per week is a lot of money. It means one less meal,” he told Fairfax Media.

He says over 50s suffer from significant age discrimination so they often find it very difficult to get back into the workforce.

“Many people live on Newstart for years before going on the age pension so of course they have had no capacity to save for retirement, and indeed have usually run down their previous savings because you can’t live on Newstart.”

Must read: The Day The Lights Go Out And The Trucks Stop Running

So let’s talk: Do you think it is fair for the MPs to be proposing cuts on something that is already quite low while they recklessly spend monies, or do you think there is another possible fix for this disparity?

Survival solutions tested by preppers and survivalists!

SOURCE: www.us-crisis.com


Survival and Preparedness solutions recommended by our readers:

The Lost Ways (Survival things our great grandparents used to do around the house to thrive)

Stockpile Challenge (So what’s the recipe for “getting lucky” in the coming catastrophe?)

Alive After The Fall (Something’s coming and you must be prepared for it

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.