Baby Boomers and Donation When it comes to the trend of giving, baby boomers are the generation that donates the most. These individuals make up a whopping 43 percent of charitable giving! Baby boomers make up most of the population in the US and are at a life stage where donating is typically easily affordable.
People are generally more philanthropic toward the end of their lives, when they tend to have more savings, time, and motivation to help others. (Giving peaks at ages 61-75, when 77 percent of households donate, compared to just over 60 percent among households headed by someone 26-45 years old.)
For the sixth year in a row, the world's most generous country is Indonesia.
Baby boomers have the highest net worth, averaging $1.6 million per household. Baby boomers have the highest household net worth of any US generation.
Black Americans donated a higher percentage of their income to religious congregations and secular causes in 2018 than all other racial groups, except for White Americans. The main findings of this report are based on the Indiana University Lilly Family School of Philanthropy's Philanthropy Panel Study (PPS).
Attitudinal surveys have reported that African Americans are less willing to donate their own or a family member's organs. More specifically, 1 large Gallup survey found that 72% of whites were very or somewhat likely to donate their own organs, compared with 52% of African Americans.
We use the American Community Survey to determine the order of race and ethnic groups for this principle, and the order from rarest to most common is: Native Hawaiian/Pacific Islander, Black/African American, American Indian/Alaskan Native, Asian, Hispanic/Latinx, and White.
However, the report reveals that Gen Z (aged 15-24) are unhappy. Young Americans are the most discontent with many experiencing 'mid-life crises'. But what's making them sad? The annual World Happiness Report has been published for the year 2024 and there's not much to be happy about.
A growing discourse suggests that Generation Z (Gen Z) is endowed with higher cognitive abilities compared to their predecessors, the Millennials. This assertion prompts an exploration into the unique characteristics and experiences that might contribute to the perception of heightened intelligence within Gen Z.
SILENT GENERATION (1954 and Earlier)
The Great Depression and World War II shaped this generation's views of money. Because they largely grew up with little money and needed to stretch their dollar when they could, the Silent Generation is quite frugal and emphasizes the importance of saving.
Cambodia scores the lowest of all of the countries, with an Index score of 19%, down from 28% last year. It is closely followed by Japan with an Index score of 20%, up from 12% in the previous year.
Single women donors on average give higher dollar amounts to charity than single men. Divorced/separated, never-married, and widowed women are more likely to give, and give higher amounts, than their male counterparts. As women's incomes rise, they become more likely to give to charity than their male counterparts.
Mormons are the most generous Americans, both by participation level and by size of gifts. Evangelical Christians are next.
Approximately 73% of all wealth in the U.S. is currently owned by Americans over the age of 55, with most concentrated among the Baby Boomer generation (Americans born between 1946 and 1964).
Gen Z believes it is the hardest-working generation – and have it the hardest – yet demand schedule flexibility to deliver their best work. One-third (32%) of Gen Z respondents say they are the hardest-working generation ever, with Millennials ranked as the second-hardest working generation at 25%.
Gen Z is set to become the largest and richest generation in the world over the next 10 years, according to a new report by Bank of America which found that those born between 1997 and 2012 are expected to amass over $74 trillion in income by 2040.
And it seems that the eldest children tend to choose intellectual achievements. Researchers from the University of Essex in the UK found first borns are 16% more likely to excel academically that their younger siblings [3].
Now new research finds that Gen Z, those between 16 and 24, are actually 'the loneliest generation. ' Currently, there are 1.9 million chronically lonely young people in the UK.
They're not alone, in that 75 percent across all frontline workers -those in jobs that “often require employees to be physically present in a specific place or at a specific time”- feel the same way. But Gen Z workers are markedly more stressed by it. As a result, more than a third of them might quit.
By the numbers: Gen Z — people roughly between the ages of 12 and 27 —reports the poorest mental health of any generation, according to a recent Gallup and Walton Family Foundation report. Just 44% of Gen Zers say they feel prepared for the future.
The white demographic decline is largely attributable to its older age structure when compared to other race and ethnic groups. This leads to fewer births and more deaths relative to its population size.