Albanese's support benefits middle-income families in Australia

New analysis highlights winners and losers from the Albanese government's financial measures. Approximately 64% of Australians, especially single parents and middle-income families, have gained up to $2,500 through tax cuts and increased benefits since 2022. The government's policies aimed to support those affected by rising living costs. Middle-income families have benefitted the most, receiving an average of $1,730 through various reforms. However, high-income earners have faced financial losses, with the top 20% of earners seeing a decline of about $1,408. The government’s stage 3 tax cuts have been less favorable for wealthier families. Despite these measures, charities like the St Vincent de Paul Society claim low-income households still struggle to cope with high living expenses. Critics argue the budget does not provide adequate relief, and inequality remains a significant issue in Australia. In the political arena, opposition leaders focus on inflation and rising costs, claiming the government has worsened living standards. Prime Minister Albanese counters that the economy is improving, with inflation rates beginning to ease. Recent data shows a drop in inflation, which could influence upcoming interest rate discussions.