Over-65s will give more this year than other age groups, Foresters research finds

Steve Dilworth of the financial services firm says this age group is consistently more generous despite the uncertainties of the future

Steve Dilworth
Steve Dilworth

People aged over 65 will give 72 per cent more to charities than the average amount donated this year by all age groups, according to research commissioned by the financial services group Foresters.

More than 1,100 people across the UK responded to an online survey carried out by the Wriglesworth Consultancy in June and July.

The research, for the company’s annual Charitable Giving Index, found that people over 65 estimate they will have donated £142.53 to charity by the end of the year, compared with the average amount of £82.83.

Older people plan to give £147.86 in charitable donations next year, a 3.7 per cent increase on 2013, the survey shows. Across all age groups, people are planning to give less in 2014, with the average annual amount donated set to fall by 0.4 per cent to £82.48.

Foresters said the over-65s had consistently given the most to charity since the index began in 2011.

This year’s index also reports a sharp rise in the proportion of people using online fundraising platforms, such as JustGiving: 13 per cent of respondents gave through such sites this year, compared with only 4 per cent in 2012.

The survey shows a seven percentage point increase, to 17 per cent, in the proportion of people participating in one-off charity events.

Fifty-nine per cent of respondents said they would give more to charity if they had more money, compared with 57 per cent in 2012.

Steve Dilworth, managing director of the Member Network UK at Foresters, said: "The index has consistently shown retirees to be the most generous generation when it comes to supporting charities. This is despite the fact that many pensioners are facing an increasingly uncertain future as annuity rates fall and the cost of living continues to rise."

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