By Hugh Finlay
Women are more generous in their giving to charitable causes than men.
And nowadays women, as a group, have more personal wealth at their disposal than ever before. Women control over half of all the investment wealth in the United States. This amounts to $11 trillion. Also, women are likely to receive about 70% of all inheritable wealth in the US, over the next 30 years. Since the 1970s women have seen their economic position in society rise.
There are twice as many girls as boys being high school valedictorians, and at college, women outnumber men. Nowadays, 60% of college graduates are women. As Madeline Albright, the former US Secretary of State, put it "It took me quite a long time to develop a voice, and now I have it, I am not going to be silent."
Women give twice as much to charity than men, and not surprisingly, households dominated by women are more likely to donate, than households that are dominated by men. Women get more satisfaction from donating than men, even describing it as "the most satisfying aspect of having wealth." Women, are genuinely excited by the prospect of giving to charity, and they are more spontaneous, more likely to donate on the spur of the moment, than men. Women are more likely than men, to admit that their donations are motivated by their hearts. Because women are enthusiastic about for philanthropy, they are more likely to ask questions about the financial details of the donations.
Older women donate about 90% more than older men, and women in the wealthier sector of society donate about 150% more than men, in the same sector. Older women feel more confident and satisfied with their donation decisions, compared with young women, who are more unsure about the process.
Young women donate more from their hearts than older women, and young women are more likely to donate to social causes. Young women also feel a greater sense of bonding with others who donate, compared with older women. Not surprisingly, young women are more open to the idea of donating in new ways, such as through the internet, compared with older women, who prefer traditional ways of donating.