Roughly 78 million Boomers will each donate an average of $6,000 to their favorite causes, Fidelity Investments found in a recent survey. In 2005, they gave an average of $5,000 each or $79 billion in total. This year, U.S. Baby Boomers are expected to give roughly $100 billion to charity, marking a 25 percent increase from 2005.
Opinion Research Corporation polled 1,015 people between Sept. 27 and Oct. 4 about how and what they plan to give to charity this year. Against a backdrop of a stable U.S. economy and a rising stock market, Americans between the ages of about 40 and 60 feel they have a little bit more cash to spare this year, said David Giunta, president of the Fidelity Charitable Gift Fund.
But looking further into the future, Baby Boomers worry that they will not be able to give as generously during their retirement years as they do now, the survey found. A survey by Thrivent Financial for Lutherans released last month shows that roughly 25 percent of Baby Boomers have saved nothing for retirement.
Source: www.NewsMax.com December 7, 2006
Opinion Research Corporation polled 1,015 people between Sept. 27 and Oct. 4 about how and what they plan to give to charity this year. Against a backdrop of a stable U.S. economy and a rising stock market, Americans between the ages of about 40 and 60 feel they have a little bit more cash to spare this year, said David Giunta, president of the Fidelity Charitable Gift Fund.
But looking further into the future, Baby Boomers worry that they will not be able to give as generously during their retirement years as they do now, the survey found. A survey by Thrivent Financial for Lutherans released last month shows that roughly 25 percent of Baby Boomers have saved nothing for retirement.
Source: www.NewsMax.com December 7, 2006