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A new research paper from the ANU’s Centre for Social Research and Methods reveals that workers over the age of 65 have been hardest hit by COVID-19, losing an average of 140.6 hours of work above the national average since early February — the equivalent to a total loss of $5885 in earnings:
Commenting in The Australian, co-author Nicholas Biddle believes the findings suggest that more support needs to be provided to older Australians:
Professor Biddle said the research pointed to the need for additional support for those over 65.
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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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