Welfare recipients on JobSeeker and pensions will receive the biggest indexation increase in 30 years on September 20 but it’s so small it won’t change anything for five million vulnerable Australians.
The indexation increase is a routine adjustment to keep the payments up to date with changes in inflation, the same way wages go up a little every financial year.
Payments for those receiving age pensions and disability support pension will rise by $38.90 a fortnight for singles to a maximum payment of $1026.50 and $58.80 a fortnight for couples to a maximum of $773.80 for each member of the couple or $1547.60 per couple.
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