A VanCity report says British Columbians can’t afford to give as much money to charity as they used to.
Residents in B.C. are giving less of their money away to charity because of the rising cost of living.
Donations have dropped by 25 per cent in the past five years, with just 59 per cent of us now making donations compared to 79 per cent in 2011.
But Senior Vice President of Business Development at Vancity, Linda Morris says people are still making time to volunteer.
“There is an affordability crunch across the Lower Mainland and people are feeling the pinch but at the same time are still wanting to support local agencies and people in their community and they’re finding other ways and hopefully, people can get back on track.”
Morris says residents are now giving back in other ways such as donating clothes and food.
“I just think that people are challenged financially, with housing costs, salaries have not kept up pace. I think people care deeply and when we did our survey, many people talked about wanting to remain committed and were going to try hard the next year to see if they could bring back their giving.”
Despite a drop in charitable giving, 33 per cent of British Columbians volunteer for charities an average of 50 hours per year.