Americans' donations to charity are at a 28-year low. Blame inflation, the rise of crowdfunding, and the decline of religion.
For only the fourth time in 40 years, totaldeclined compared to the prior year, falling 3.4% to roughly $500 billion dollars — a 10.5% decline when adjusted for inflation.
study, compared to 66.2% in 2000. The portion of disposable income given to charity rose in the late 1990's and early 2000's, reaching 2.4% in 2005, the highest level recorded since 1982. But since 2008, giving hasn't exceeded 2.0%. Less individual giving coupled with strong growth in total giving suggests a smaller pool of wealthy donors have a growing influence on today's charity landscape, Josh Birkholz, chairman of the Giving USA Foundation, told Insider.
Insider spoke with Birkholz, whose organization publishes the annual report on US charitable donations, to examine the different theories behind the key question: Why have many Americans stopped giving? While the dropoff in individual giving started before the Great Recession, the economic downturn had aBut even once Americans' finances began to recover, they continued to be less likely to give to charity than they used to be, Texas A&M researchers found in a"It could be that the...
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