JobKeeper and Jobseeker are scaling back today. Now what?

The impact government funding is having on retail has been pronounced. Over 4 million Aussies were on Jobkeeper, but that number is expected to drop to 2.24 million by December as the second iteration, based on a financial quarter eligibility, kicks in today.  We’ve started to see a direct link between access to funds and retail patterns. The second round of super withdrawals and stimulus payments closely correlated with a retail shopping spree in July. Consumer spending spiked at 17 per cent