Three and a half million Aussies have benefited greatly from Job Keeper payments over the last 6 months. These payments were designed to keep staff attached to employers while the business’s income was down due to Corona Virus.
Now it’s early October, JobKeeper V1 has officially run out. However it has been extended for some people at a reduced rate. For others it has ended.
There are many who will now be facing a change in their financial experience and the reality of having to face up to life after government support and protection from loss of income. The Covid bubble has burst.