RELATED: How much the recession will cost youIt comes from the Commonwealth Bank of Australia and it shows how much more money Australians are making than the year before. Think about it like this: Australians who were banking $1000 per week last year are banking on average $1160 now. The blue bars turn slightly negative – wages and salaries went down (they would have gone down even more if not for JobKeeper!). JobSeeker will also be means-tested from that date, so people with a lot of wealth won’t be eligible. When that happens, the overall income of Australians will fall for the first time this recession.

Source: The Herald September 10, 2020 06:11 UTC