Money stories: Financial resilience among Aboriginal and Torres Strait Islander Australians
Author: Centre for Social Impact, First Nations Foundation, NAB
Topic: Financial literacy, Financial well-being
Publisher: Centre for Social Impact, First Nations Foundation, NAB
Location: Australia
Format: Report
Content Type: Research
Publication Date: May 31, 2019

This report builds on previous work on financial resilience in Australia and represents the beginning of an exploration of the financial resilience of Aboriginal and Torres Strait Islander peoples. Overall, we found significant economic disparity between Indigenous and non-Indigenous Australians. This is not surprising, given the histories of land dispossession, stolen wages and the late entry of Indigenous Australians into free participation in the economy (it is only 50 years since the referendum to include Aboriginal and Torres Strait Islander peoples as members of the Australian population).

Specifically, we found:

  • Only one in ten Indigenous Australians are financially secure.
  • Fewer than two in five Indigenous people can access $2,000 for an emergency, compared with four in five in the broader Australian population.

Severe financial stress is present for half the Indigenous population, compared with one in ten in the broader Australian population. Read the report to find out more about the financial barriers faced by Indigenous people in Australia, and the sharing economy in which money as a commodity can both help and hurt financial resilience.

Get It

You need to login or register to bookmark/favorite this content.

Related Tags