The “cost of living” budget benefits wealthy households

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Modeling by the Australian National University’s Center for Social Research & Methods suggests that relatively wealthy households will benefit the most from the federal government’s $8.5 billion cost-of-living program.

The modeling shows that the wealthiest 40% of households in terms of income will receive 45% of the cost of living relief, while the poorest 20% of households will receive only 15% of that money.

Associate Professor Ben Phillips says budget measures could have been better targeted to help those most at risk of financial stress.

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