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The ABS today released its Household Impacts of COVID-19 Survey for June, which gave insight into how Australians have spent their COVID-19 stimulus payments:
Key findings
- By June, 35% of Australians had received a personal stimulus payment from the Government in response to COVID-19.
- One third (32%) of people reported that the main use of the payment was to pay household bills.
- Australians who were unemployed or not in the labour force were three times as likely to have received a stimulus payment by June as those who were employed (61% compared to 20%).
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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.
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