Increased financial stress is being felt right around the country as we endure what many are referring to as a ‘cost of living crisis’. It’s well understood that financial stress leads to reduced overall wellbeing and can create significant psychological challenges. A nationwide conversation is currently underway, acknowledging the prevalence of this increase in financial pressure and precariousness, and offering no shortage of discourse around potential remedies.
Often unacknowledged however, is how Aboriginal and Torres Strait Islander peoples in Australia disproportionately experience financial stress as the result of entrenched systemic exclusion and discrimination. A PRE-cost-of-living crisis report found that 1 in 2 Indigenous people in Australia suffer severe levels of financial stress; 9 in 10 have no financial security, and 52% have no savings. As 75% of the community struggle to access financial services there is a clear and urgent need for targeted support.
By Mob, for Mob, First Nations Foundation have developed a range of culturally relevant resources and programs to promote financial empowerment, equipping participants with the tools and confidence to build financial prosperity for themselves, their family, and their community for generations to come. This comprises financial literacy training, a huge range of digital resources including gender-specific content such as the Rich Blak Women podcast, and a travelling superannuation outreach event, which itself has helped reconnect $24m in super to over 1,600 people across urban, remote, and regional communities.
If you’re in a position to, please consider joining us in contributing financially to the First Nations Foundation to allow them to expand their outreach. They’ll also be running in the City2Surf this year and invite anyone to run and/or fundraise on their behalf, if that’s more your style.
Lend your support:
Donate to First Nations Foundation’s City2Surf fundraiser
Run and fundraise for FNF in the City2Surf
Learn more:
First Nations Foundation - Website
FNF Annual Impact Report, FY22
Interview with Larisha Jerome - Ladies Talk Money
Socials:
Instagram: @firstnationsfoundation, @richblakwomen
Facebook: facebook.com/FirstNationsFoundation/
Youtube: youtube.com/@firstnationsfoundation6525
*Pure Community and Pure Finance have no direct affiliation with the organisations and causes listed above. We simply appreciate the work that they do, and choose to show our appreciation by lending our support.