Study Shows the Superrich Are Not the Most Generous

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.

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