Wealth Without Generosity: Unpacking Why Affluent Americans Are Pulling Back From Philanthropy—And Who Pays the Price
Despite years of economic expansion and record-level personal wealth accumulation, charitable contributions from high-income Americans have quietly declined—a troubling paradox with profound consequences for vulnerable communities. Understanding the psychological, cultural, and structural forces driving this retreat is the first step toward reversing it. This article examines what is at stake and how donors can rediscover the transformative power of purposeful giving.