This examination explores the impact of economic wellbeing on altruistic giving by people. We proposed a theoretical framework thereby slightly modifying model, asserting that social status and Charitable Giving are complemented by gratitude and Reciprocity Behaviors, both positive and negative. These behaviors are in turn got affected by Reciprocity Beliefs. Hence these three psychological instruments, i.e., positive and negative correspondence conviction as well as appreciation estimation, are proposed to clarify the relationship between economic wellbeing and charitable giving. Three aspects of reciprocity: positive reciprocity, negative reciprocity, and beliefs in reciprocity were adopted from. Data was collected from 217 respondents residing in Pakistan through a close end questionnaire and was analyzed using Confirmatory factor analysis and Structural equation modeling. Members were approached to review the nature of their cash giving as it typically happens crosswise over various kinds of gifts. They likewise revealed their financial status, level of reciprocity conviction, and level of appreciation. Results demonstrated that economic well-being significantly anticipates charitable giving by people. As anticipated, high-status members gave more cash when they held a more grounded confidence in reciprocity while the result showed no significant relationship between gratitude and charitable giving.