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Giving money is still easier than giving time

Thrivent Financial survey finds age, income, education and employment affect attitudes


MINNEAPOLIS (Feb. 19, 2008) – For the third consecutive year, Americans say that giving one’s money to a charitable cause is easier than giving one’s time. According to a Thrivent Financial for Lutherans’ national survey of 1,000 adults, 52 percent of Americans said it is easier to give money, while 30 percent said it is easier to give time. Sixteen percent said both are equally easy to give.

The survey showed that age, income, education and employment status affect attitudes about giving. Fifty-eight percent of seniors (age 65+) and 53 percent of pre-retirees (age 55 to 64) favor giving money over time versus 44 percent for young adults (age 18 to 24).

Young adults are also three times more likely than seniors (age 65+) to say giving one’s time is easier than giving money (49 percent versus 15 percent). They are also twice as likely as pre-retirees (49 percent versus 24 percent) to find giving time easier.

While a plurality of all income groups favor giving money, 56 percent of those earning $75,000 or more said giving money is easier versus 45 percent for those earning less than $25,000. Conversely, 58 percent of those with a high school education or less said giving money to a charitable cause is easier than giving time. This compares to 49 percent of those with a college degree or some college and 47 percent of those with a post-graduate degree.

Those working full-time and retirees were most apt to say giving money is easier (58 percent and 54 percent, respectively), while those working part-time (42 percent) and those not employed (38 percent) were most apt to say giving one’s time was the easier.

Telephone interviews were conducted for Thrivent Financial by Synovate TeleNation Research, Chicago, Ill., between Nov. 30 and Dec. 2, 2007, among a nationwide sample of 1,000 U.S. adults aged 18 and older. The margin of error for questions posed to all 1,000 respondents is +/- 3 percent.

About Thrivent Financial for Lutherans
Thrivent Financial for Lutherans is a Fortune 500 financial services membership organization helping nearly 3 million of members achieve their financial goals and give back to their communities. Thrivent Financial and its affiliates offer a broad range of financial products and services including life insurance, annuities, mutual funds, disability income insurance, bank products and more. As a not-for-profit organization, Thrivent Financial sponsors programs and activities that support congregations, schools, charitable organizations and individuals in need. For more information, visit www.thrivent.com.

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200800707


Contact Information:
   Dave Rustad, APR
Senior Media Relations Specialist
dave.rustad@thrivent.com
Phone: (612) 844-7037

 

 

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Insurance products issued or offered by Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Products issued by Thrivent Financial for Lutherans are available to applicants who meet membership, insurability, U.S. citizenship and residency requirements. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial for Lutherans. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents of Thrivent Financial.

Bank products and trust services are offered through Thrivent Financial Bank, (Member FDIC, Equal Housing Lender), a wholly owned subsidiary of Thrivent Financial for Lutherans. Insurance, securities, investment advisory services, and trust and investment management accounts are not deposits, are not guaranteed by Thrivent Financial Bank, are not insured by the FDIC or any other federal government agency, and may go down in value.