Boomers and Millennials: better a pension than Newstart … until the virus

The biggest risk of living in poverty in Australia is to receive welfare payments without an additional source of income. This is a problem of both generational and class inequality. Noah Corbett reports on decades of economic policy decisions which have reduced the social welfare safety net for those who are young, working-age or older without property whilst benefitting wealthy, older Australians who own property and have sizeable superannuation.