A survey of people on JobSeeker released by the Australian Council of Social Service (ACOSS) lays bare the grim outlook for people without paid work in this recession. The Federal Government is planning to cut the Coronavirus Supplement on September 25, reducing incomes of people on JobSeeker, Youth Allowance and Parenting Payment by $300 per fortnight.
The Government has said it may then fully remove the Supplement at Christmas time, taking people without paid work back to just $40 a day – the old Newstart rate. These cuts will affect 2.2 million people receiving the Coronavirus Supplement, including 1.6 million on JobSeeker and over 1 million children.
In addition, an analysis by Deloitte Access Economics commissioned by ACOSS has found that the Morrison Government’s planned cuts to the Coronavirus Supplement for people on JobSeeker, Youth Allowance and parenting payments would see the economy lose $31.3 billion and 145,000 full-time jobs over the next two years.