There are a number of ways to create intergenerational wealth for whānau.
Whānau-centric housing models such as
papakāinga not only grow
iwi asset bases but also provide homes where
tamariki can grow and learn, confident in their identity.
To make more of these whānau-centric models possible, some of the key constraints on the retention and use of Māori land for housing and development will need to be mitigated. These include access to finance, land use regulations, the capacity of iwi and the challenge of coordinating with various organisations.
Education is also an important pathway for individuals and their whānau to increase their financial literacy and grow their savings. This will empower whānau to determine their future ownership outcomes.
Māori business owners and the self-employed are major contributors to economic activity that can grow intergenerational wealth. Māori businesses are driven by more than profit.
The point of difference that many Māori businesses bring to the market is their intergenerational focus and intentional contribution to multiple outcomes - cultural, social and environmental.
How this can be done
Our efforts can focus on: