Impact of Inflation on Charitable Giving

Inflation has significantly affected consumers' financial capabilities, leading many to reduce their charitable contributions. Despite 78% of Americans valuing generosity as a core principle, nearly one-third reported donating less this past year. The rising cost of living has made it challenging for individuals to allocate funds for giving, with many feeling financially strained. However, a segment of donors still engages in sacrificial giving, prioritizing charitable donations over personal expenses to aid those who are more vulnerable.