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The reported $25.50 a fortnight increase for pensioners drew a chuckle from John Kostoulas and the quip that it was just enough to buy "one lettuce a week".

As the rising cost of living continues to hit the hip pockets of Australians hard, supermarket giant Woolworths have offered some relief by announcing a "prize freeze" on everyday essential items.

With the recent interest rate rises and rising inflation impacting the cost of living, Starts at spoke to the experts to determine what the rise means for seniors, where seniors will benefit, where they will be worse off, and what it means for the already rising cost of living.

There's no doubt that with a change of government and leadership comes major changes for the Australian people, but what specifically does Labor's election victory mean for the seniors of Australia?

Australian wages have grown at less than half the rate of inflation, resulting in a real pay cut to worker...