Research Reveals Nation of Aid Liverpool City Champion

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Charity work and volunteering across Australia is worth an estimated $ 16 billion a year, researchers say.

What’s even more telling is that informal acts of kindness like looking after a neighbor’s children, providing emotional support to a coworker, or getting involved in cleaning a companion’s yard are almost as much. .

The Help Economy, a new report launched by NRMA Insurance, puts all unpaid assistance provided to families, friends and communities by Australians at $ 30 billion in 2020.

Using an analysis by accounting giant PwC Australia, the survey of more than 2,000 respondents calculated that 31 million aid acts were made across the country during the year.

However, with closures and disasters making 2020 such a difficult time for people to help out outside of their own homes, a return to normal may see the aid economy set in motion. amount to $ 43.5 billion.

As the country recovers from the emotional and financial impacts of the pandemic, fires and floods, 74% of people who took part in the study said they believed more than ever that there was a need to help people. others.

Sadly, 42% said they weren’t able to provide as much help as they would have liked in 2020, mainly due to COVID.

Despite this, NRMA Safer Communities boss Ramana James believes that following up on offers of help has become the backbone of communities across the country.

“Helping a friend or neighbor has never been more important,” he said.

“Although restrictions linked to the pandemic have made it more difficult to help, there is still a lot to be done, such as signing up to volunteer or dropping off a cooked meal to a friend or family member to facilitate their daytime.”

The Aid Economy reveals that emotional support is the most common informal help provided by 4.6 million people last year, valued at $ 3.3 billion.

Next come education and counseling (2.4 million people and $ 2.4 billion), domestic work ($ 4.3 million and $ 2 billion), and unpaid childcare ($ 2.4 billion) million and $ 1.9 billion).

PwC chief economist Jeremy Thorpe says national conversations about economic activity typically focus on GDP, which only counts goods and services bought and sold.

“The most widely used measure of our economic well-being ignores the value generated by formal volunteering and informal help,” he said.

“It underestimates the benefits of less formal, non-commercial activities. The Help Economy report places real value on aid and will allow us to track the economic value of such kindness and goodwill on a daily basis. “

The report also revealed the different ways people are helping across the country.

Formal aid acts were larger than informal aid by 14% ($ 16 billion versus $ 14 billion).

Queensland was an exception, with its informal aid economy ($ 2.8 billion) 22% larger than the formal economy ($ 2.3 billion).

People in Queensland were more likely to provide household help, including DIY maintenance and gardening, as well as shopping.

In New South Wales, the informal aid economy ($ 4.5 billion) was 21% smaller than the formal economy ($ 5.7 billion).

Victoria’s informal economy ($ 4.4 billion) was 57% larger than its formal economy ($ 2.8 billion), likely due to three major lockdowns from COVID-19.

Associated Australian Press


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