IMHO this is a very personal, case-by-case calculation.
A person will donate what they can rather than just a fixed percentage. But this can depend on many factors, not just jobs / income, but also expenditures (do they have kids? are they paying off college loans? a mortgage? …) and potential risks (what if they lose their job? what if one of the kids gets sick? …).
That said, I believe there is a huge opportunity to maximise the “what they can donate” with a more structured approach. Today we have a very simplistic all-or-nothing donation model. For every dollar or euro you have, you either donate it (and lose it forever) or you don’t donate it at all. I believe there could also be a happy-medium, I’ve started a draft post on that …
IMHO this is a very personal, case-by-case calculation.
A person will donate what they can rather than just a fixed percentage. But this can depend on many factors, not just jobs / income, but also expenditures (do they have kids? are they paying off college loans? a mortgage? …) and potential risks (what if they lose their job? what if one of the kids gets sick? …).
That said, I believe there is a huge opportunity to maximise the “what they can donate” with a more structured approach. Today we have a very simplistic all-or-nothing donation model. For every dollar or euro you have, you either donate it (and lose it forever) or you don’t donate it at all. I believe there could also be a happy-medium, I’ve started a draft post on that …