$11 Billion on Christmas Presents or....?

17 Jan 2018 - Michael Frigger - 2 minutes

$11 Billion on Christmas Presents or....?

I came across some news recently which stated as a country, we're spending $11 billion on Christmas presents this year ($593 average) - and I thought to myself, what else could $11 billion be used for?

Let's find out.


 

 


How you can help

Great Barrier Reef Foundation - https://www.barrierreef.org/donate/make-a-donation

The Salvation Army - http://www.salvationarmy.org.au/Who-We-Are/our-work/Homelessness/

The rest is up to you.


Sources:

http://www.smh.com.au/money/australians-to-spend-11b-on-christmas-presents-20171204-gzynky.html

https://www.moneysmart.gov.au/borrowing-and-credit/credit-cards/credit-card-debt-clock

https://www.payscale.com/research/AU/Job=High_School_Teacher/Salary

https://www.environment.gov.au/system/files/resources/83c77e05-8a9f-42df-8182-ccf229664992/files/reef-2050-plan-nvestment-baseline.pdf

https://theconversation.com/supportive-housing-is-cheaper-than-chronic-homelessness-67539

https://mcdonalds.com.au/about-maccas/maccas-story (assuming it costs less than $12 million to turn one into a library)


Michael Frigger

Michael Frigger

Engagement

Michael enjoys long walks along the beach accompanied by a glass of fine wine with a side of vegemite and crackers. Whilst he's not doing that, he's doing his part to help Australians better their personal finances through CashMaster.