Tuesday, August 6, 2013

Q1: Who are the most charitable, Americans or Europeans?

A: It's not close, and it's the Americans.  This was the topic of must-read article by OLS hero Dan Mitchell of the Cato Institute and the Center for Freedom and Prosperity.  Mitchell points out that many, the left in particular, believe that Europeans and their greater emphasis on social justice and material equality are more compassionate.  But when it comes to putting their money where their mouths are, the Europeans are nowhere near as generous, even when adjusting for the greater wealth of Americans.  Here's a telling chart:

And here's Mitchell:
Wow, people in the United States are so generous that their voluntary giving amounts to 10.2 percent of gross domestic product. The only other nations that even crack 5 percent of GDP are the Netherlands, Canada, and the United Kingdom.  Most of the supposedly compassionate welfare states have dismal levels of charitable giving. Voluntary social expenditure in major European nations such as France, Germany, Italy, and Spain averages less than 2 percent of GDP.
There's actually quite a bit more of interest in his article.  Definitely worth a read if you find this topic of interest. Oh and by the way, check back here early this evening for Q2.