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Can't Afford to be Generous? Blame the Economy; New Study Says One in Three Americans Now Giving Less
September 28, 2009Three out of four U.S. adults say the "current economic climate" has affected their charitable giving and one in three is giving less to charities, according to a new Child Sponsorship Survey just released by World Vision, an international Christian relief and development organization. Most polled say faith-based organizations (67%) and non-profit foundations (63%) should bear responsibility for helping the world's poor. According to the study, one in five adults (21%) say they're now less likely to sponsor a child because of the economy and more than half (54%) say they would be more likely to sponsor a child if they had more money. Ten percent say they're actually giving more this year, despite the recession. Still, World Vision Child Sponsorship numbers show a modest increase (3%). Revenue forecast is for 8 percent growth in 2009 but private cash donations are expected to be down 3% from 2008. Full release.