The new rate of social security payments such as JobSeeker remain grossly inadequate and will leave people unable to meet basic living costs, ACOSS says. From today, the JobSeeker rate will rise to $54 a day following the May budget increase as well as 2.2 per cent indexation. Youth Allowance will not be indexed until January, but the federal budget increase will lift it to $43 a day. "The new $4 a day higher JobSeeker rate is still less than half the minimum wage. It is also well under the pension rate of $78 a day, which is also below the poverty line," ACOSS CEO Cassandra Goldie said.

https://www.miragenews.com/increase-to-social-security-payments-grossly-1087791/

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