Chris Bowen (McMahon, Australian Labor Party, Shadow Treasurer) Share this | Hansard source

My question is to the Prime Minister. I refer to page 30 of the government's Intergenerational report, which says that, over the next 40 years, wages growth will be four per cent a year whereas growth in domestic prices, or CPI, will be 2½ per cent a year. Why is the government cutting pension indexation that will see the value of the pension fall from 28 per cent of male total average weekly earnings today to just 16 per cent by 2055?

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