|Senior Couple Looking At Eachother via Bigstock|
The Women's Philanthropy Institute at the Center on Philanthropy at Indiana University just published a new study that says women from the Baby Boom Generation and older give nearly 90% more of their total income to charity than men (keeping education, income, race, number of children and other factors affecting giving equal). This is in keeping with prior studies that show women tend to give more to charity than men. The newest study shows that the difference between older men and women is even more profound if we look at the wealthier– women in the top 25% for income give 156% more than their male counterparts. Researchers involved in the study suggest that women give more because they tend to score higher on traits such as empathy and caring which impact philanthropic activity.