Wealthy Americans Are Changing Their Charity Habits, And Leaving Gen Z and Millennials Out Of The Process

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The number of wealthy Americans including their younger relatives in the charity donation decision-making process is falling, according to Bank of America (NYSE:BAC).

Only 13% of affluent households consult their children, grandchildren, and other younger relatives when deciding what charitable causes to support, the survey found. That's down from 16.5% who collaborated with younger people in 2023, the last time the biennial Study of Philanthropy was released.