Study: Super Rich More Stingy In States With High Inequality

Study sheds a light on giving habits of the mega-rich.

“Higher-income people were less inclined to be generous both when they came from states where income inequality is high and when they were made to believe that there was a sharp divide between rich and poor, a new study found. And they were less charitable in both cases than were low-income people.

Since the 1980s — the end of a 30-year period during which the middle class flourished in the United States — wealth has grown increasingly concentrated at the top of the economic ladder, while low-income Americans have commanded a smaller and smaller share of the nation’s wealth.” [READ MORE]