At least on a percentage of income basis….I wonder what the psychology behind this is. Do all of us have in our heads some artificial number of how much is a right amount to give to charity each year, and then that never changes even as we work our way up the income ladder?
Link: Study Shows the Superrich Are Not the Most Generous – New York Times.
Working-age Americans who make $50,000 to $100,000 a year are two to six times more generous in the share of their investment assets that they give to charity than those Americans who make more than $10 million, a pioneering study of federal tax data shows.
1 comment on “Study Shows the Superrich Are Not the Most Generous”
Is giving to a charity the only option? When there are enough resources currently in existence in the world for everyone to have “enough” (whatever that means), then why do charities even exist? Does giving to charities enable and re-inforce socio-economic inequality? Is socio-economic equality even something worth striving for or are disparities a far gone conclusion? Just thinking out loud.