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ERIC Number: EJ1300461
Record Type: Journal
Publication Date: 2021
Pages: 12
Abstractor: As Provided
ISBN: N/A
ISSN: ISSN-1052-3073
EISSN: N/A
Financial Attitudes and Charitable Giving
Enete, Shane; Heckman, Stuart; Lawson, Derek
Journal of Financial Counseling and Planning, v32 n1 p104-115 2021
Why do people give away their money? Charitable giving has traditionally been modeled using socioeconomic (i.e., age, income, education) and psychographic variables (i.e., self-esteem, guilt, pity). However, given that charitable giving is, inherently, a financial activity, would financial variables with a psychographic element (i.e., financial attitudinal variables) have the ability to improve the prediction of giving behavior? Using the 2016 Survey of Consumer Finances (SCF), we found that higher risk tolerance, higher subjective financial knowledge, longer financial time horizon, and access to emergency funds from friends/relatives all were positively associated with charitable giving. The results of this study help broaden the potential information set for financial counselors, marketers, nonprofit organizations, or policymakers when understanding a client's intention to charitably give and identifying potential donors beyond traditional socioeconomic and psychographic variables.
Association for Financial Counseling and Planning Education. 1500 West Third Avenue Suite 223, Columbus, OH 43212. Tel: 614-485-9650; Fax: 614-485-9621; Web site: https://connect.springerpub.com/content/sgrjfcp
Publication Type: Journal Articles; Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Grant or Contract Numbers: N/A