MSD releases Total Incomes Annual Report for 2024
01 November 2024.
MSD has today published its Total Incomes Annual Report, which gives an overview of total weekly income for main benefits between April 2023 and April 2024.
Key findings:
- Average total incomes, before housing costs and inflation, have increased for all family types by 3.8% per week on average.
- After adjusting for housing costs and inflation, total average incomes have remained largely unchanged in real terms (0.3 percent or $0.74 per week lower than at the end of April 2023).
- Key factors influencing total incomes for MSD clients include inflation, rising housing costs, indexation settings and the implementation of Child Support Pass-on from 1 July 2023.
