SHOCKING new statistics reveal Australian pensioners are barely scraping by, with many living below the poverty line in the region.
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The report, released this month by the Benevolent Society, suggests of the 1.5 million Australians who live solely on the Age Pension, almost one-third of them are living in poverty.
Chief Executive Officer of the Benevolent Society, Jo Toohey, said it’s unacceptable that a wealthy country like Australia has so many vulnerable citizens exposed to negative health and social impacts that are associated with poverty.
“It is unacceptable that people who have contributed to society all their lives are forced to live at or below the poverty line,” Ms Toohey said.
In a typical fortnight, a local pensioner can expect to receive a maximum of $794.80 with an additional $14.10 to cover energy costs.
With the rate for the poverty line around $850 the money is simply not enough, according to local pensioner Colin Cox.
“The cost of heating and electricity is a lot living in Armidale,” Mr Cox said.
One possible solution might involve better budgeting services, according to pensioner Coral Bell. “I think a lot of people are probably struggling but also a lot of people don’t utilise their money properly,” he said.
The report has recommended the establishment of an independent Age Pension Tribunal to oversee and determine a just base rate for the pension that enables disadvantaged older Australians to live at a standard consistent with the reasonable expectation of all Australians.