The generosity is fueled perhaps by a stable economy and a rising stock market. Fidelity anticipates that giving by boomers will continue to be generous through next year.
However, the survey found that boomers worry that they will not be able to give as generously during their retirement years as they do now. Other studies have shown that millions of Americans have not saved enough for retirement.
The lesson is that boomers are "booming" right now but charities might find them more frugal as they age and retire.
More about the Fidelity survey:
- Boomers On Track To Give 20% More To Charity Than Average Donor, Fidelity Charitable Gift Funds Survey Reports