http://www.banditprinting.com/2010/03/fourth-world/
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Report shocks as figures reveal poverty rates
A recent report card on poverty has shown that retirees living in Australia are the 4th poorest in the develped world, with unemployed Australians ranked as the poorest.
According to The Organisation of Economic Co-operation and Development, 50% of single Australian retirees live in poverty - defined as less than 50% of average earnings. This figure has risen by 4.8 percent over the last 10 years. Other figures show that a worrying 27 percent of all aussie retirees live in poverty.
One way to avoid becoming a victim of poverty is to open a high interest savings account and deposit whatever money you can afford. Those in need can then call on this as a source of financial income to keep them above the poverty line.
Jenny Macklin, Families and Community Services Minister, said the findings from the report were "shameful" and iterates the past 12 years of neglect from the former Howard government.
"This is a searing indictment of the Opposition's record in government on older Australian," she said.
Michael O'Neill, National Seniors chief said the report only reiterates what Australian pensioners already know.
"The single pension is inadequate and needs to be increased to two thirds the rate of the couple pension," he said.
The report has provided more bad news, with figures showing that our unemployed are in a worse state than our retirees, ranking them as the poorest in any developed nation.
Gerard Thomas - Sydney's Welfare Rights Centre policy officer, said this was a chilling message, the number of those to become unemployed is expected to continue rising as a result of the economic slowdown.
"The Government has recognised that pensioners are doing it tough but they appear to have blinkers on when it comes to understanding the real situation that unemployed people find themselves in," he said.
The Rudd Government has introduced a $500 allowance this year in an attempt to boost pension incomes, and will be raising the telephone allowance to $132 a year.
Last week the Government announced a one-off $1400 lump sum Christmas bonus for single pensioners and $2100 for couples to increase consumer spending.
An inquiry is also under way into increasing the rate of the single pension (currently set at $281 a week).
The unemployed are provided with $50 a week less and they were not included in the Government's recent economic rescue package.
Australian Money Comparison website - http://www.Which4U.com.au - Compare Credit Cards, Savings Accounts, Bank Accounts, Loans, Mortgages and Insurance to find the best OZ deals
Fourth World - Step Seven
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► USA Banknote P 4 4th President James Madison Note US $.69
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DC Comics Kirbys Fourth World Of The New Gods 4 Aug Sept 1971 US $1.99
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Masterworks of World Literature Vol 2 1952 4th print US $.99
|
Native American Dolls of the World Barbie 1st 2nd 3rd 4th in Series US $65.00
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Abeka Readers 4th Grade 4 Reading Worlds of Wonder US $14.99
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Jack Kirbys Fourth World 1 and 2 US $1.50
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