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Giving money preferred over volunteering

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More Americans prefer to give money than time, a new survey says.

For the third consecutive year, 52 percent of respondents in Thrivent Financial for Lutherans’ annual survey say their money is easier to give away than their time.

The survey of 1,000 adults in the U.S. says only three in 10 people prefer to give time over money, and fewer than two in 10 say both are equally easy.

Responses vary according to age, income, and education level, however.

Giving money is favored by nearly six in 10 people age 65 or older, and slightly more than half of people age 55 to 64, compared to fewer than half those age 18 to 24.

Young adults also are three times as likely as seniors, and twice as likely as pre-retirees, to say volunteering time was easier.

Wealthier respondents favor giving money, the study says, while a higher education degree tips the balance towards volunteering time.

Of those who earn $75,000 or more annually, 56 percent prefer to make financial contributions to charity, compared to 45 percent of those earning less than $25,000.

However, almost six in 10 respondents with a high school education or less say giving money is easier, compared to 49 percent among college graduates and 47 percent among those with a post-graduate degree.

Thrivent Financial for Lutherans is a Fortune 500 financial services membership organization serving upwards of 3 million members.

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