Unemployment Benefit vs Wages
Are you up to date with the unemployment benefit? If you have no idea how it’s been, read this. Age 21+, from 1985, per week, subject to indexation of 3% average per year: Nov 1985 $91.45 ALP April 1990 $130.00 ALP March 1995 $150.75 ALP March 2000 $165.80 LNP March 2005 $199.65 LNP March 2010 $231.40 ALP March 2015 $259.60 LNP March 2020 $282.85 LNP https://guides.dss.gov.au/guide-social-security-law/5/2/1/20 I have heard and read comments by too many people who know nothing about UEB. They only understand wages, probably because they are on a wage. Wages growth is very different to Unemployment Benefit, 3.25% average per year but higher incomes (incl. salaries) have increased a lot more than that. 2002-2007 annual average 3.8% increase (19% over 5 years) 2007-2012 annual average 3.65% increase (18.25% ov