Thursday, November 29, 2018

Less Than Charitable in the Garden State

There are wealthy people  in every state in the U.S., but in some states, the rich tend to be less inclined to charitable giving than in others, according to a new report by Business Insider. And New Jersey is one of the stingier ones.

The average person making upward of $500,000 in the U.S. donated about $74,000 in 2016 (the most recent date for which data are available). But New Jersey’s average annual charitable contribution is just $37,368, which ranks us 48th in the nation. On the other hand, 95 percent of those making more than $500,000 per year make some sort of charitable contribution.

The worst states: Alaska, at $36,124, and West Virginia, at $31,313. The most generous state? Wyoming, surprisingly enough, where the average annual contribution by households earning $500,000 – which, to be fair, is a very small number in Wyoming – landed at $223,438.

No comments:

Post a Comment