U.S. Giving Falls to Historic Lows
Is charitable giving in trouble? A survey conducted by Gallup last April found that the share of Americans who have given to a religious or other type of charity during the previous 12 months dropped to a historic low of 73%. (In previous years, this figure was more than 80%.) Although the April 2020 survey inquired about activity over the past year, Gallup cautions that many respondents may have answered only about their current or very recent activity, which could have been affected by the COVID-19 crisis.
The majority of respondents (66%) said they didn’t plan to change the amount they contribute to charity in the coming year, and 25% said they plan to increase the amount. As Gallup notes, though, the duration and severity of the COVID-19-related economic downturn will be a critical factor in whether Americans are able to fulfill those plans.
This material is generic in nature. Before relying on the material in any important matter, users should note date of publication and carefully evaluate its accuracy, currency, completeness, and relevance for their purposes, and should obtain any appropriate professional advice relevant to their particular circumstances.
Share Post:
