Australia’s jobless rate is expected to hit 1.4 million by June as our economy largely comes to a grinding halt thanks to COVID-19.
The federal and state governments are trying to soften the blow by offering the JobSeeker payment, the JobKeeper payment, and rent relief packages, which combined are worth more than 200 billion to help keep households afloat.
But there are people falling through the cracks.
WATCH: The three elements that will get us out of lockdown. Post continues after video.
As the Prime Minister said this morning on the Today Show, “We’ve got to draw the line somewhere”. But for those fast running out of options – and cash – dipping into their superannuation is starting to look like the only option.
The Federal Government has made retirement funds available to those whose income has dramatically decreased, and 618,000 people have already registered with the…