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US charitable donations fell to $499 billion in 2022 as stocks slumped and inflation surged

  • Written by Patrick Rooney, Glenn Family Chair Emeritus of Economics and Philanthropic Studies, Indiana University
US charitable donations fell to $499 billion in 2022 as stocks slumped and inflation surgedGiving declines when the country tightens its belt.FreeTransform/iStock via Getty Images Plus

Charitable giving in the U.S. fell to US$499 billion in 2022, as donors dealt with their losses in the stock market and coped with 40-year high inflation rates.

For only the fourth time on record, Americans gave less than they did the previous year without...

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