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Bull Markets Don’t Go to Church

A thriving stock market (measured by the S&P 500 index) doesn’t translate to more charitable giving. According to a decade of data collected by the Evangelical Council for Financial Accountability:

  • When stock value increased nearly 30 percent in 2013, giving to charity decreased by about 1.5 percent.
  • Stock value went up more than 11 percent in 2014, and charitable giving from individuals and organizations increased by nearly 6 percent
  • Stock value declined slightly in 2015, while giving increased another 5 percent.
  • Rates of giving also appear to be disconnected from changes in median household income and gross domestic product.

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