Australian families to suffer $21,000 wage fall - Breaking News

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Saturday, July 3, 2021

Australian families to suffer $21,000 wage fall

Analysis of May's budget shows the average family is expected suffer a $21,000 wage fall over the next four years. The analysis which was revealed by the Herald Sun has found the Federal Government anticipates wages to fall for Australian families as the cost of living is predicted to outstrip wages growth. The modelling - based on a family with a net household income of $170,000 between two full-time wage earners - reveals the family will be $3,800 dollars worse off this financial year and $4,300 next. The average single-parent family will be $9,114 worse off.

from Breaking National News and Australian News | Daily Telegraph https://ift.tt/3hhefQ2

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