Australia's largest stock trading and investment forum Australia's #1 stock forum

Aboriginal families on ~$200,000 per year, page-3

First 3 Last

Share
Profile

Follow
It investor

4,121 Posts.

298

05/08/23

10:36

Post #: 69175364
Share

Originally posted by angor532: ↑

ok ive done the calcs...

Federal government spends $33.3Billion every year on Aboriginals...housing, health, education etc

~3% of the Australian population identifies as Aboriginal or torres straight islander
or around 900,000 people

if we say 100,000 of those are successful wealthy aboriginals like stan grant....then that leaves around 800,000 that need assistance.

$33.3b divided by 800k people
is approximately $41,000 for every man woman child

therfore a family of
3 ~$120,000 per year
4 ~160,000 per year
5 ~200,000 per year

and the above is just Federal government spend. there are also numerous state government funding schemes.

who'd like to be part of that exclusive CLUB???

Expand

they also get all the benefits of ordinary Australians as well including welfare. The number is under stated.
36 Upvote

Reply

Top Stories

Most investors will get this earnings season wrong. Will you?

RNU

Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

ASE

Astute delivers high-grade lithium hits at Red Mountain

SGQ

St George banks $5M from placement to ramp up Araxá Rare Earths Project

Friday's HotCopper trends: Renascor concentrate, Larvotto raise | July 25

Listen: HotCopper Wire Podcast 019 – Dreaming of the 9,000s

ASX Market Close: Fading miners drag bourse as iron ore price slumps | July 25

What is going on here? Watch out for DroneShield, Pure Hydrogen, and Nel ASA

FTL

Firetail scoops up untested land around Excelsior – including juicy mineralisation target

Rokeby, BHM, more: The 10 hot stocks HotCopper users watchlisted in Week 30

There are more pages in this discussion • 23 more messages in this thread...

First 3 Last

SPONSORED BY