Chart of the Day: Inflation Takes A Bite Out of “Giving Tuesday”

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You have heard of Black Friday and Cyber Monday, but have you heard of Giving Tuesday?

For the last ten years, Giving Tuesday has inspired millions to donate in support of various charities and nonprofit organizations. This year, donations have decreased as people struggle with rising consumer costs and economic uncertainty. See this in the chart below and learn more here and here. See here a more detailed financial report from Giving Tuesday.

Kristen Harris, the co-founder and CEO of Prevention Now joined CBS News to discuss how inflation is impacting the work her organization does and how people can give back without giving money. See here video report below.

Americans in the past have been a very charitable society. However, Covid and now inflation have taken a bite out of this charity, though giving is still strong overall. See this in the chart below and learn more here.

The Right Wire Report is not explicitly promoting the Giving Tuesday organization, though encourages folks to be charitable to the organization (s) of your choice. In the comment section below, give us your thoughts on what you plan to do this year regarding charitable giving and to whom.

See more Chart of the Day posts.

By Tom Williams

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