With Wealth Comes Responsibility: How the Wealthy View Their Role in Society (USA)

America’s millionaires recognise that with their wealth comes responsibility to help America through its challenges, according to survey findings by PNC Wealth Management, a member of The PNC Financial Services Group, Inc. More than half of millionaires feel an obligation to give back and few are concerned with their ability to give, according to the eighth annual Wealth and Values Survey, entitled “Responsibilities and Money: How the Wealthy View Their Role in Society.”

Despite the continued trials of the U.S. economy since 2008, the number of millionaires who believe “I have an obligation to give back to my community” has remained stable. This year, 59 percent agree or strongly agree, the same number as in 2008. Meanwhile, the number of millionaires concerned about their ability to give to charities has declined to 11 percent from 20 percent in 2008, according to the survey of 555 millionaires.

You can download the survey highlights here.

Categories: High Net Worth Individuals Resources, Philanthropy Resources

Resource Type: Blog

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