aaronleland
Diamond Member
- May 19, 2012
- 33,897
- 11,331
- 1,430
US poor and middle class give more to charity but wealthy pull back - CSMonitor.com
Poorer and middle-class Americans are more likely to donate than are the wealthiest people in the country, according to a report released Monday by The Chronicle of Philanthropy.
Americans give an average of about 3 percent of their income to charity, according to the study. But in recent years, Americans in different income brackets have diverged on the giving scale. Between 2006 and 2012, Americans earning $200,000 or more decreased the amount they gave to charity by 4.6 percent. In that same period, Americans earning less than $100,000 increased the amount they gave by 4.5 percent. And that increase was despite the fact that middle- and lower-income Americans were earning less than they did six years earlier, the report notes.