New study shows poor give greater percent of income to charity
This report confirms the opinion I formed during years of collecting canned goods as a Boy Scout. While walking through neighborhoods on chilly fall mornings, it was quite obvious that families who themselves would be considered in need by many, donated bags of canned goods bursting at the seams. While there were also some full bags in the more "well to do" areas of town, the generosity that flowed from low and lower-middle class homes was hard not to notice, even for a 13-year-old.
Anecdotal evidence suggests that poor people give a greater percentage of their income because they know someone or have personally been in a situation of need in the past. These smaller donors play an important role in charitable giving by supporting others through formal and informal donations, supporting causes and individuals in need that might otherwise go un-noticed.
While you won't see these donor's names etched in stone like their fellow givers who can afford to donate millions, the memories of thank you's and touched lives will continue to reward our most generous donors.
Want to give back today? Get in touch with a local charity or find a cause to support using CharityNavigator.