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Family allowance increases by 4.6%: Financial relief in sight!
Family allowances and pensions will increase by 4.6% in Austria in 2025. Find out the background and effects of inflation.
Family allowance increases by 4.6%: Financial relief in sight!
In a welcome turn for families in Austria, family allowances will be increased by 4.6% for 2025. This became possible because the state has been adjusting family benefits to inflation since 2023. This measure comes at a time when households are under severe strain due to rising living costs, particularly energy and food. Every family in Austria is entitled to this support for children up to 18 years of age, with certain exceptions for children in education or with disabilities. From birth there is 138.40 euros per child, which can lead to an annual increase of around 1,400 euros for two children, as the Kosmo platform reported. It's a step to help families in a challenging economic environment.
But the situation in Germany also remains tense. Inflation has accompanied the population since the corona pandemic, and the purchasing power of many people has fallen. Despite more moderate inflation of 1.6% by September 2024, life remains expensive. As Deutschlandfunk reports, the purchasing power of households has fallen by an average of a fifth; This has particularly hit less fortunate households hard. Thanks to new tax regulations in 2024, a family with double salary and two children can save a total of 410 euros in taxes on their gross salary of 4,667 euros alone. In addition, there will be an increase in the citizen's allowance and the child allowance, which will benefit everyone whose income is not enough for the family.