Wednesday, October 24, 2007

Giving

Arthur C. Brooks observes that giving makes you rich. An excerpt:

How does all this generosity relate to our high average levels of prosperity? Let's begin with individuals and families. The Social Capital Community Benchmark Survey, completed in 2000, is a survey of about 30,000 people in more than 40 communities across the U.S. and is the best single source of data available on the civic participation of Americans. The S.C.C.B.S., which takes into account differences in education, age, race, religion, and other personal characteristics, shows that people who give charitably make significantly more money than those who don't. While that seems like common sense, it turns out that the link in the data between giving and earning is not just one-way. People do give more when they become richer--research has shown that a 10 percent increase in income stimulates giving by about 7 percent--but people also grow wealthier when they give more.

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