Poverty? Why should we care about poverty? When someone misses out - - PowerPoint PPT Presentation

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Dec 14, 2022 467 likes •637 views

Cost of Living Poverty? Why should we care about poverty? When someone misses out it diminishes us all Australia is a wealthy country We just had a decade of unparalleled growth but failed to reduce our poverty rate More

SLIDE 1

Cost of Living

SLIDE 2

Poverty?

Why should we care about poverty?

When someone misses out it diminishes us all

Australia is a wealthy country
We just had a decade of unparalleled growth

… but failed to reduce our poverty rate

More inequality & More child poverty

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SLIDE 4

Poverty in Australia 2016

Three million Australians living in poverty (13.3%)
Three quarters of a million children in poverty
Child poverty has grown 2% in last decade (to 17.4%)
240,000 Western Australians living in poverty

(an underestimate based on national median)

150,000 Western Australians at risk of poverty

SLIDE 5

WACOSS Cost of Living Report

Produced annually since 2007
Examines three household models:
Working family
Single parent family
Unemployed single

SLIDE 6

Income and Expenditure

Income Expenditure Net Position Single Parent Family $978.00 $905.92 $72.08 Working Family $1,425.59 $1,294.62 $130.97 Unemployed Single $310.46 $343.67

$33.21

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Single parent family (Parenting Payment Single) - WEEKLY DIFFERENCE 2013/14 2014/15 2015/16 Total weekly income $931.38 $944.12 $978.00 Total expenditure $966.64 $938.17 $905.92 Difference

$35.26

$5.95 $72.08

Single Parent Family

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Working family - WEEKLY DIFFERENCE 2013/14 2014/15 2015/16 Total weekly income $1,352.25 $1,397.49 $1,425.59 Total expenditure $1,342.62 $1,321.44 $1,294.62 Difference $9.63 $76.05 $130.97

Working Family

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Unemployed single - WEEKLY DIFFERENCE 2013/14 2014/15 2015/16 Total weekly income $297.36 $304.65 $310.46 Total expenditure $358.00 $353.49 $343.67 Difference

$60.64
$48.83
$33.31

Unemployed Single

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Gini Coefficient WA 0.371 NSW 0.345 Australia 0.333 Queensland 0.325 Victoria 0.314 SA 0.291 Tasmania 0.281 ACT 0.272 NT 0.268

Inequality

Western Australians in Poverty Standard Poverty Line: 160,000 After-Housing Costs Poverty Line: 200,000

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Growing Inequality …

200 400 600 800 1,000 1,200 1,400 1,600 1,800 Nov-2009 Nov-2010 Nov-2011 Nov-2012 Nov-2013 Nov-2014 Nov-2015 $ per week WA AWOTE State Minimum Wage Unemployed Single

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Gender Inequality

200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 $ per week Male AWOTE Female AWOTE

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Rising Underemployment

0.0 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 18.0 Aug-2006 Jan-2007 Jun-2007 Nov-2007 Apr-2008 Sep-2008 Feb-2009 Jul-2009 Dec-2009 May-2010 Oct-2010 Mar-2011 Aug-2011 Jan-2012 Jun-2012 Nov-2012 Apr-2013 Sep-2013 Feb-2014 Jul-2014 Dec-2014 May-2015 Oct-2015 Mar-2016 Aug-2016 Underemployment Unemployment

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Financial Resilience

Source: Centre for Social Impact, Financial Resilience in Australia, August 2016

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That the Commonwealth increase the adequacy of income

support and rent assistance to close the gap between incomes and basic living costs

That the Commonwealth consider tax settings to
Encourage institutional investment in affordable rental; or
Limit negative gearing to affordable and social housing only
That the State advocates to the WA Industrial Relations

Commission for a sufficient increase in the State Minimum Wage to address growing income inequality

Recommendations ..

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That the State restores the funding cut from metropolitan

financial counselling services in 2015/16

An independent cross-government inquiry into social concessions

by the Economic Regulatory Authority to improve the targeting, adequacy and impact of existing expenditure

Introduce a no-fault catastrophic injury insurance concession so

car ownership remains affordable for low-income households

Reverse the cuts to Legal Assistance, and provide adequate and

sustainable long-term funding for community legal centres.