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Showing posts from February, 2021

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