Unemployment is to date one of the major issues, which leaves one sometimes even struggling for two meals a day. Despite the same, a 2008 review of pensions carried out by the Department of Families, Housing, Community Services and Indigenous Affairs has thrown light over the fact that age pensioners were living a much better life if compared to those on the alms.
It has been found that 1.4% of age pensioners are amongst the ones not receiving enough money to get a medical treatment. And amazingly, 22% of unemployed people were in the same group.
The research had compared deprivation rates amid seven distinct groups, including age pensioners, those on Newstart (unemployed), low-wage workers and self-funded retirees. 16.7% of doled out are not even able to afford their one day meal with one in every 20 failing to get their homes heated up. However, merely 0.7% of pensioners are suffering from this condition.
Thus, it is being concluded that self-funded retirees are the ones with the sufficient amount of payments. “It remains important to consider expenditures on income support and note that the position of unemployed people is also assisted through investment in taxation measures and employment services”, says the report.