Over one third of all Australians over the age of 60 are living below the poverty line[i]. The current average Perth rental is $790 per fortnight while Newstart (<65 years) for a single person starts at around $470 per fortnight and the Aged Pension (currently 65-67+ years) for a single person starts at around $790 per fortnight[ii]. Various small supplements and Rent Assistance will bump those figures a little but it should still be clear after doing your budget that this is going to cause you hardship once you add in all your other financial commitments. Accessing your super may only be a short term fix!
But I need help now!
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