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The Treasury Department says Americans’ $450 billion in charitable donations last year shows ‘greater distribution of wealth’ in the U.S.—but data suggest otherwise

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Americans gave a near-record amount of money to charity last year, and that is evidence that the Trump administration’s policies are spreading prosperity, the Treasury Department said recently. But longer-term research on charitable giving paints a different picture—one of growing economic inequality.

“Total giving growth in 2019 was driven primarily by an increase in giving by individuals, which may reflect larger trends such as greater distribution of wealth,” the Treasury Department said in a recent announcement.

Citing figures from the Giving USA report on charitable giving in 2019, the Treasury Department noted that Americans gave an estimated…



Source marketwatch.com

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