3 ms·

Have you donated more than 1.2% of your net worth to charity?

• TuGuQuKu 8y ago
  Who hasn't???
• tedivm 8y ago
  I donate more than 1.2% of my income each year to charity, and that amounts to a lot more than 1.2% of my net worth (it should be noted that people in my generation tend to have a negative net wealth due to student loans and being locked out of the housing market, which means most of them can meet this requirement by giving five dollars to a homeless person on the street if you want to use a more liberal definition for charity). Specifically, I donate money to (and this is not in any particular order)- * ACLU * EFF * NAMI * NAACP * BLM * NPR (local affiliate) * Between $40 and $100 a week directly to homeless people. I also try to volunteer time as well. What charities do you donate to, and more importantly why is that even relevant to a conversation about what responsibilities people with obscene amounts of wealth should have?
• jakelazaroff 8y ago
  Yes, I do so every year. 1.2% is not some lofty, unrealistic amount if you are financially secure. The median net worth of Americans by age 55 peaks at $85,000 [1], which comes out to just under $20 per week. If you exclude home equity from net worth, half of Americans under 55 could donate 1.2% for less than $6 per week. [1] https://www.businessinsider.com/heres-the-average-net-worth-of-americans-at-every-age-2017-6 https://www.businessinsider.com/heres-the-average-net-worth-...