Maybe there IS something to the concept of Minnesota Nice.
An annual survey by WalletHub says the Gopher state is number one when it comes to being charitable. The rankings are based on a formula that involves 19 key indicators of charitable behavior, including percentage of donated income, charities per capita, and volunteer rate. Here is a quick look at how Minnesota stacks up in a few of those categories.
Generosity in Minnesota (1=Most Charitable; 25=Avg.)
- 11th – Charities per Capita
- 26th – % of Donated Income
- 2nd – % of Population Who Donated Time
- 7th – % of Population Who Donated Money
- 22nd – % of Population Collecting/Distributing Food
- 1st – Volunteer Rate
- 18th – Volunteer Hours per Capita
WalletHub says the U.S. has been the most generous county in the world over the past ten years, with Americans giving more than $427 billion to charitable causes in 2018 alone. A whopping 68% of those funds come from individuals.
And it's about more than dollars and cents. U.S. residents also give generously of their time, serving others a combined total of 7.9 billion hours, the equivalent of $184 billion in service.
The top five most charitable states are Minnesota, Utah, Maryland, Oregon and Ohio. The bottom five are Nevada, Louisiana, Mississippi and New Mexico, with Arizona dead last.
For the complete report, access to WalletHub's Charity Calculator and list of 2020's best charities to donate to, check out the WalletHub website.
WalletHub is a personal finance website that provides credit checks and updates, advice on credit score improvement, savings alerts and reviews of financial products, professionals and companies.
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