American Generosity Squeezed by Economic Uncertainty, According to Wells Fargo Study
Wells Fargo & Company (WFC)
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Source: Business Wire
Three-quarters (78%) of Americans report generosity as a core valueHalf (51%) report not having enough money to give SAN FRANCISCO--(BUSINESS WIRE)--While generosity is a core value for three-quarters of Americans, economic concerns have caused some to tighten their purse strings. Three in ten (29%) Americans report that they have given less to charity this year compared to the year before and a full half (51%) feel they don’t have enough money to give to charity at all.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241112192002/en/Wells Fargo: American Generosity Squeezed by Economic Uncertainty (Photo: Wells Fargo)Even so, 67% of Americans still reported giving something in the past year, with more than half (54%) saying they give to charity even though they don’t have a lot of extra money. The study found that economic concern is a significant factor in declined giving, with more than half (52%) of Americans reporting
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