The Aged Pension is welfare, not an entitlement

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New Social Services Minister, Anne Ruston, has sparked outrage from Labor after she claimed on radio that the Aged Pension was “welfare” for people who can’t look after themselves. From The New Daily:

“Pensioners do it tough. They deserve our respect, they get a pension as payback for what they have done in contributing to this nation,” [Labor Leader Anthony Albanese] said in Perth.

“Anne Ruston just shows how out of touch she is and how out of touch this government is when it comes to the real living standards that people are enduring.”

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.