The federal government has announced an increase in welfare allowances to support those on Centrelink payments.

This move comes in response to the rising cost of living, which has put significant pressure on households.

The amendments were set to take effect starting yesterday (01st of January).

However, economic experts argue that these adjustments are insufficient to fully address individual living expenses.

Australian Council of Social Services (ACOSS) CEO Cassandra Gold emphasized that, despite the increase, many Australians remain below the poverty line.

This highlights the ongoing challenges in ensuring financial security for vulnerable communities.