Volunteering in U.S. Hits Record High; Worth $167 Billion
More Americans than ever are volunteering, according to a new federal study released today by the Corporation for National and Community Service (CNCS), the federal agency that oversees AmeriCorps and Senior Corps.
The 2018 Volunteering in America report found that 77.34 million adults (30.3 percent) volunteered through an organization last year. Altogether, Americans volunteered nearly 6.9 billion hours, worth an estimated $167 billion in economic value, based on the Independent Sector’s estimate of the average value of a volunteer hour for 2017. Millions more are supporting friends and family (43.1 percent) and doing favors for their neighbors (51.4 percent), suggesting that many are engaged in acts of “informal volunteering.”