Dave Ramsey says wealthy Americans who give to charity and help others with their own money often go unrecognized because it has become common to assume that all rich people are greedy, selfish and don’t want to pay their fair share of taxes.

The personal finance expert he said on “The Ramsey Show” that wealth gives people the ability to step in and help others on a scale that most Americans simply cannot.

“If you add up what the people of the United States of America, private citizens, give to charities and people in need every year, it dwarfs the entire economy of most small nations,” Ramsey said. “But we don’t talk about it because the rich are bad and should be punished and they’re not paying their fair share.”

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Co-host Ken Coleman he said critics of wealthy Americans often ignore data showing how much America’s wealthy give to others. Ramsey said these debates are not resolved by facts and data.

“You can’t argue with facts,” Ramsey said. “Don’t use facts, don’t use real numbers and research, that’s not how you argue things. You just have to be emotional and go on Twitter.”

According to Giving USA 2025, charitable giving in the United States rose to $592.5 billion in 2024, up 6.3% from the previous year in current dollars. Individual giving accounted for roughly two-thirds of all charitable giving and was driven by stock market gains and higher personal incomes.

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However, the share of wealthy US households making charitable contributions fell to 81% in 2024 from 91% in 2015, according to a 2025 Bank of America. to study based on a sample of 1,514 wealthy US households.

Wealth makes it easier to help others and pursue personal goals with greater peace of mind. Achieving this level, however, requires careful planning and long-term discipline. Domain money offers personalized, CFP professional-led financial planning for households earning over $100,000 annually and ready to take their financial planning to the next level with personalized, expert guidance.

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