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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

Giving 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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