The race that stops the nations or spends the nation?

Spend, spend spend…
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Is the Melbourne Cup and Spring Carnival just an excuse for us to spend up big….?

It is estimated that we will spend $53 millions this year on fashion alone.

$140 million on food and drink.

$806 million on betting through the spring carnival. The average bet being $8.50.  And it’s reported that during peak times a bet will be placed every 2 seconds.

It estimated that the average race goer will spend $1,200.

Overall $455 million will be spent.

This year the crowd at the Melbourne cup – was 104,000.  This is approximately the same number of homeless people in Australia.

Just think what else could be done with that $455 million to improve the life of this experiencing homeless and disadvantage in Australia.