What do you think of the September Age Pension changes?
The latest pension indexation increase is the biggest penioners have received in seven years. These figures, however, only reflect the price increases Australia has seen and aim ot make sure pensioners do not fall behind the rising cost of living. Have you noticed you are spending more lately due to price increases? Should this pension increase cover the extra money you are spending?
What are you planning on doing with the extra money? Will it cover your extra costs? Do you think that this rise is keeping pace with inflation?
Let us know your thoughts on the latest pension increase in the comments section below.
The wealthy will get a far bigger increase in their tax cuts coming soon. Not a paltry $14.80 per fortnight. With the majority of the wealthy there will be very, very little benefit to the local economy but with pensioners 100% of the $14.80 will see it's way back into the local economy with the government getting back any GST component.
And still over 35% of people over 65 are living on or below the poverty line and most of them are women.
Shame shame shame.