Next Generation Millionaires Average $54,000 in Donations a Year, Study Finds

Fidelity Investments released results of its sixth Fidelity Millionaire Outlook, an in-depth survey analyzing the investing attitudes and behaviors of millionaire households. A key finding is that Gen X/Y millionaires are generous with time and money, averaging $54,000 in donations to charity each year and having a higher likelihood to volunteer or serve on a nonprofit board than baby boomers (82 percent vs. 49 percent).