Inflation: QLD families lose $10,000 to wage inflation deficit, housing costs, electricity prices

Single-parent families in Queensland are losing more than $10,000 a year trying to maintain a “basic standard of living” as wage growth struggles to keep up with record inflation.

A new report by the Queensland Council of Social Service (QCOSS) unveiled the damning data showing single, unemployed parents and couples with two children battling the state’s biggest gap in the affordability of life.

For an unemployed single parent with two children, the weekly household deficit is about $200.53, or about $10,400 annually.

“This household faces high levels of deprivation and is very vulnerable to financial shocks and debt,” the report said.

Couples with two children run a weekly household deficit of $174.40, or $9,000 annually.

In the year to March 2022, inflation rose 6.0 percent and is expected to rise to 7.75 percent by the end of the year.

Products ranging from gasoline to breakfast cereals have seen big price hikes in the year ending in September 2022.

Gasoline and vegetables were up more than 17 percent, while breakfast cereal, vacation rentals and dairy were each up more than 12 percent.

Australia’s energy regulator found that between January and March this year, more than 26,000 customers participated in hardship programs to pay off electricity debt.

More than a quarter of these customers owed more than $2,500.

Location also had a big impact on who got off worse – with Toowoomba and Cannonvale residents largely among the lowest-paid workers.

There is currently no affordable property available in Brisbane for a single person who has access to income support payments such as Jobseeker.

minimum wage households are much more likely to find affordable rental accommodation in central Queensland, as nearly 50 per cent of the rental stock is considered ‘affordable’.

The report’s authors have recommended increasing income support payments to prevent families from falling further into poverty.

Almost 68 percent of people receiving parental allowance for single people have not declared any other earned income in the past two weeks, and almost 95 percent of people receiving parental allowance are women.

Unemployed women over 50 are one of the fastest growing groups of people affected by homelessness today.

The authors found that child poverty rates for children of single parents fell to an all-time low of 17 percent as income support payments increased during COVID-19.

Originally released as QLD single-parent families losing $10,000 a year in wages – inflation deficit, the report finds

Leave a Reply

Your email address will not be published. Required fields are marked *