this post was submitted on 26 Jul 2024
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collapse of the old society

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[–] eldavi@lemmy.ml 5 points 4 months ago

tldr:

We estimate that only about 17% of U.S. GoFundMe campaigns for health care and emergency costs meet their goal. We’ve also found that most of the funds raised are concentrated among a very small group of campaigns.

We saw in the data we analyzed that the top 5% of highest-earning campaigns claimed about half of all dollars raised on GoFundMe. Because relatively well-off users tend to be more successful at crowdfunding, such a disparity is likely to only worsen already high levels of economic inequality in the U.S.

Despite the company’s assurances that every worthy cause has a place on GoFundMe, most of its users simply don’t get the funds they need when they use the platform.

But you wouldn’t know this from browsing GoFundMe.

[–] Rolando@lemmy.world 4 points 4 months ago

Halfway through the article is a link to another interesting article on TV shows that exploit financially-desperate people: https://newrepublic.com/article/121944/briefcase-britains-hardest-grafter-and-return-misery-tv