14-02-2024, 06:16 PM
Offcials have warned that as many as 13 thousand children will be experiencing poverty by 2028. Surely,even their most devoted followers must be able to comprehend that this will do great damage - & mostly to children, so why did they vote for these greed crazed prickles, who are clealry hell bent on creating hard times for all but the well off.
https://www.nzherald.co.nz/nz/politics/o...KR5RILKGM/
"Officials have warned the Government the number of children living in poverty will likely increase by 7000 in four years as a result of benefit changes being rushed through Parliament.
One estimate warns that as many as 13,000 extra children will be in poverty by 2028 thanks to the Government’s changes.
The former government made changes to the way benefit rates are calculated each year. Previously, they were increased in line with CPI inflation, which meant beneficiaries’ incomes tended to fall behind those of other households, whose incomes rise with wages, which historically rise raster than CPI.
The 2019 Budget included a change that meant benefits must now rise with wage growth each year, unless the Government decides to make one-off increases above that rate.
The new Government plans to go back to the old system, which will see benefit rates grow at a slower rate overall.
A supplementary analysis report - a term for a regulatory impact statement prepared in a hurry - showed officials had modelled some of the impacts of the changes.
Over the next four years, the switch will save the Crown $669.5 million, but it will mean far lower benefit rates, particularly towards the end of the forecast period.
On current forecasts, this would mean someone on a jobseeker benefit would be $18.15 a week worse off under the changes by 2028, a person on single parent support would be $25 a week worse off. Someone on a supported living payment, received by people who are disabled or caring for disabled people would be $35.11 a week worse-off.
However, these figures are based on underlying assumptions from HYEFU that have since been updated. During the bill’s Committee Stage, the Government confirmed that the coming year’s adjustment would come in lower than if the adjustment had taken place under the old system. It means the disparity between the two methods of calculation will be even greater than presented in the report."
https://www.nzherald.co.nz/nz/politics/o...KR5RILKGM/
"Officials have warned the Government the number of children living in poverty will likely increase by 7000 in four years as a result of benefit changes being rushed through Parliament.
One estimate warns that as many as 13,000 extra children will be in poverty by 2028 thanks to the Government’s changes.
The former government made changes to the way benefit rates are calculated each year. Previously, they were increased in line with CPI inflation, which meant beneficiaries’ incomes tended to fall behind those of other households, whose incomes rise with wages, which historically rise raster than CPI.
The 2019 Budget included a change that meant benefits must now rise with wage growth each year, unless the Government decides to make one-off increases above that rate.
The new Government plans to go back to the old system, which will see benefit rates grow at a slower rate overall.
A supplementary analysis report - a term for a regulatory impact statement prepared in a hurry - showed officials had modelled some of the impacts of the changes.
Over the next four years, the switch will save the Crown $669.5 million, but it will mean far lower benefit rates, particularly towards the end of the forecast period.
On current forecasts, this would mean someone on a jobseeker benefit would be $18.15 a week worse off under the changes by 2028, a person on single parent support would be $25 a week worse off. Someone on a supported living payment, received by people who are disabled or caring for disabled people would be $35.11 a week worse-off.
However, these figures are based on underlying assumptions from HYEFU that have since been updated. During the bill’s Committee Stage, the Government confirmed that the coming year’s adjustment would come in lower than if the adjustment had taken place under the old system. It means the disparity between the two methods of calculation will be even greater than presented in the report."
in order to be old & wise, you must first be young & stupid. (I'm still working on that.)