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Chalmers promises ‘substantial cost-of-living relief’ for most vulnerable

Asked if the age of 55 is the distinction Jim Chalmers thinks should be made on jobseeker, the treasurer says:

The reason I’m using 55 is because the reports that we received women’s economic equality taskforce and the economic inclusion advisory committee, which has been, in welcome ways, discussed quite a lot on your program, say that women over 55 are the most vulnerable group amongst unemployed Australians.

We’ve indicated before that we want to do something to help them in particular, but again, without pre-empting what’s in the budget in a week’s time, there will be a number of elements to our cost-of-living relief. Not all of them will be determined by age. For example, our energy bill relief plan, which will be in the budget in a week’s time, is for people on pensions and payments right across the board, not limited by age.

Will you increase jobseeker for people aged over 55?

There will be responsible cost-of-living relief in the budget, and it will focus on the most vulnerable people. There will be a number of elements to it. It won’t all be limited to one cohort or another. But it will all be made clear in the budget.

First of all, the jobseeker payment already makes a distinction between workers closer to the age pension, older workers, it already pays a different rate at the moment for people over 60. And that’s in recognition that it is harder to find a new job at that end of your working life. That’s the first point.

The second point is related. All of the expert advice a lot of the analysis I’ve heard it on your show, and it’s been right, says that the group that’s most likely to be long-term unemployed – people over 55 – that that group is dominated by women that the most vulnerable part of the unemployed population in Australia is at the moment women over 55. And so that’s another issue that people need to factor in.