Study Predicts CCP Virus Will Take $102 Billion From Australian Household Earnings

Hundreds of people queue outside a Centrelink in Melbourne, on March 23, 2020 William West/AFP via Getty Images

The economic fallout from the CCP virus will see Australian households collectively lose out on $102 billion (US$64 billion) annually in earnings, with 18 to 24-year-olds being the hardest hit age group.

A paper by the Australian National University (ANU) revealed job losses are most severe among 18 to 24-year-olds (Gen Z) and over 65-years-olds.