Low-income Family Giving on the Rise
There are numerous socio-economic reports on the number of Canadian families struggling with growing personal debt, increasing housing costs and shortages, education costs for public school supplies and post-secondary tuitions, and the breath of the cost on living is adding greater vulnerabliity on low-income families.
Canada's charitable sector provides the critical safety net for many families across the economic spectrum. While we witness a growth in the total donations made (claimed in CRA personal taxes) to support more services, we are seeing an overall downward shift in personal gift levels, while the need for support grows.
This is one reason why Resolute Clothing Co's financial contribution to charities is so important. Thru our sales of products, we are focused on working with charities to help vulnerable youth and their families.
As charities struggle to raise money and we at Resolute Clothing work hard to increase our support, we can draw inspiration from the acts of charity by others.
While costs of living mount for Canadians, low-income families are showing a 10-year growth of their charitable giving. This demonstrates they have strong affinity to helping others, and hopefully this trend encourages others to contribute generously.
As reported the organization Canada Helps in their Giving Report 2018, "Canadian lower income families that do make donations have increased the amount of their income spent on donations from 3.3% to 5.5% in the past 11 years. In the meantime, families making $250K or more have consistently given around 2% of their income over the past 11 years."
In the inspirational words of Jana Stanfield, "I cannot do all the good the world needs. But the world needs all the good I can do."
Let's all come together to lift up the most vulnerable among us.
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