private wealth

Charitable Giving's Big Spenders: Generation X

A recent survey concluded that, among millionaires, GenX'ers aged 28 to 42 gave twice as much to charity as their parents last year. The survey found that, on average, members of Generation X donated $20,000 each to charity, while Baby Boomers donated closer to $10,000 per person. The younger generation was also more likely to make donations during their lifetimes, donate globally and choose foundations that would focus on family-related goals. Not surprisingly, they were also found to be more likely to make financial contributions online.

[Thanks, Ben!]

Tags: baby boomers, BabyBoomers, charity, gen x, generation x, GenerationX, GenX, philanthropy, private wealth, PrivateWealth