What does generational wealth look like in Aboriginal and Torres Strait Islander families?

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What does generational wealth look like in Aboriginal and Torres Strait Islander families?
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Legislation and policies introduced by the settler colony were centred around western definitions of land and resource ownership, which disregarded First Nations economies, values and priorities.

The challenges that Aboriginal and Torres Strait Islander peoples face because of the ongoing impacts of colonisation show up in any number of ways. One of those challenges is achieving economic prosperity and generational wealth in our communities. Historically, legislation and policies prohibited and excluded First Nations peoples from engaging with financial services.

" Mrs Watson says that there is continued discrimination and racism faced by mob when wanting to access financial services in present time. "Being othered via our Indigenous identities can mean mob will experience more frequent discrimination in accessing financial services or be excluded from networks or investing opportunities, inhibiting the rate of wealth accumulation in comparison to our non-Indigenous counterparts," she said.

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