Before the global financial crisis the government indicated it would increase by $30 a week the pension for the aged, disability support carers and veterans. Each $10 increase (with an increasing aged population) will add $1.3 billion next year and $5.1 billion over four years. The government is now softening the electorate to increasing the single pension only. To compensate this cost they are indicating solo parents will have no increase and the jobless will have greater limitations placed on their eligibility.
Opinion
These new retirement villages show providing care is here and now
Gone are the days when retirement living was defined by community centres, swimming pools and bowling greens. While these amenities still exist – the provision of care is now a core part of the value proposition. Hyegrove Willoughby on Sydney’s...
