Quantcast Bostonians: Cheap Bastards
Search by tag or site Login to my blogStart my own blog















TheMoneyBlogs
Home
About
Create your own blog
Contact us
Vote for this blog!

The Boston Real Estate Blog

I am an independent real estate broker, focused on the residential real estate market in downtown Boston.

Bostonians: Cheap Bastards

Posted on 06/11/2007 05:56:27 | Link | Post Comment

Okay, that headline is going to have to be changed!

So, apparently Massachusetts residents aren't giving a lot of money to charities.

The wealthiest Massachusetts residents give much more of their income to charities than wealthy people in the rest of the country, according to a forthcoming report on charitable giving by two Boston College researchers. But working- and middle-class families in Massachusetts, burdened by the state's high cost of living, are not nearly as generous as families with comparable incomes nationally.

Well ... I can't agree with that last sentence, and I see nothing in the article to back up the study's assertion that it's because of the high cost of living that people are being cheap.

The cost of living and tax rate in our state limits the philanthropic ability of middle- and low-income households, relative to their counterparts in other states," according to the report, titled "Geography and Giving: The Culture of Philanthropy in New England and the Nation."

I haven't read the study, so I don't know how they came to that conclusion. I think they give the average resident too much credit.

Instead, I think it's just people's point of view. "Take care of yourself," seems to be the typical resident's mantra. "Mind your own business," is another way to put it, and also, "Don't bother me."

In some ways, this line of thought benefits us all (libertarian, in a way?) in others, it doesn't.

I think we're all just cheap.

Source: Wide gap shown in Mass. charitable giving - By Peter Schworm, The Boston Globe

More posts about: 
Stock Quote or
Examples
ATM Wallstreet - Mon Oct 06, 2008 03:39PM
Made several great trades today. Traded the QID, QQ [read more]
ATM Wallstreet - Sat Oct 04, 2008 10:41PM
When I first started Day Trading I traded anything that [read more]
Morpheus Trading - Thu Oct 02, 2008 08:58AM
NOTE: Please click on the charts below to enlarge them if [read more]

PREMIER SPONSORED LINKS

Most Visited Blogs | Most Popular Blogs | Most Recent Blogs | Contact Us | Terms and conditions | Privacy Policy

The columns, articles, message board posts and any other features provided on TheMoneyBlogs.com are provided for personal finance, education and investment information and are not to be construed as investment advice. Under no circumstances does the information in this content represent a recommendation to buy, sell or hold any security. The views and opinions expressed in an article or column are the author's own and not necessarily those of TheMoneyBlogs.com and there is no implied endorsement by TheMoneyBlogs.com of any advice or trading strategy. The analysts and employees or affiliates of TheMoneyBlogs.com may hold positions in the stocks or industries discussed here. Your use of this and all information contained on TheMoneyBlogs.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

Copyright © 2008 The Connors Group, Inc.