GIVING TRENDS

Middle-class Americans of working age give more to charity than their much wealthier counterparts, a new study has found, reports The New York Times reports. The New Tithing Group, in San Francisco, found that, based on 2003 tax reports, people under 65 with annual incomes between $50,000 and $100,000 donate a much larger share of their investment assets than do those of similar ages who earn more than $10-million. Those 35 years old and under with incomes over $500,000 were found to give the least to charity. The relationship between income and charity, however, changes among Americans over retirement age. Retired people with $10-million or more were found to be most generous in that age group.