Crowdfunding: A Double-Edged Sword for Americans

Crowdfunding has become a big deal in America. It's a way for people to raise money quickly when they need it most. But not everyone is happy about it. Some people think it's great because it helps others in need. Others worry about how the money is used and who benefits from it. A recent study showed that many Americans don't trust crowdfunding platforms like GoFundMe. They think the fees are too high and that the money might not go to the right people. Some even doubt that the people raising money really need it or will use it wisely. The study also found that most crowdfunding campaigns don't reach their goals. This is a big problem because the people who need the most help often struggle to get any support. It seems that wealthier and whiter communities have more success with crowdfunding, leaving others behind.Take the cases of Renee Nicole Good and Keith Porter Jr. Both were tragically killed, but their fundraisers had different outcomes. Good's fundraiser raised over $1. 5 million quickly, while Porter's fundraiser struggled at first. This shows how crowdfunding can be unfair. Despite its flaws, crowdfunding is still one of the few ways to help people in crisis. Most donations go to medical expenses and funeral costs. For many, a successful campaign can make a big difference in their lives. But is crowdfunding the best way to handle these issues? Probably not. There might be better and fairer ways to deal with medical and funeral costs. Until then, crowdfunding remains a popular but imperfect solution.