Conventional wisdom has always told us that women don’t give a lot of money, but two studies over the past two years have revealed that we were wrong. Really wrong.
In fact, women at every income level give to charity more often than men do—and they tend to donate more money on average than their male counterparts. Based on an analysis of 8,000 U.S. households, the study found:
– Women who earn $23,509 or less gave an average of $540 per year to charity, while men in that income bracket with similar life circumstances gave $281.
– Women who earn more than $103,000 annually gave $1,910 to charity (96% in this income bracket gave), while their male counterparts gave $984 (75% in this income bracket donated).
– Christian women give 300% more than the average American (who gives 2.5%) and are 400% more generous with their time.
– More women are directing household financial giving – 92% make the decision to give within their household (39% as sole decision maker and 53% jointly with spouse).
– There is a strong correlation between knowing one’s life purpose and giving – Those with a strong sense of personal calling and purpose gave 13.7% of income to charity versus those that were not sure of their calling (gave 5% less).
While some of these findings came as a surprise to many “experts”, it seems perfectly in line with my personal experience. Women have been showing us up in the caring and sharing department for ages. In Proverbs 31, Solomon describes the ideal woman:
“She considers a field and buys it;
out of her earnings she plants a vineyard.
She sets about her work vigorously;
her arms are strong for her tasks.
She opens her arms to the poor
and extends her hands to the needy.”
Thank God this Proverbs 31 woman is alive and well.