Research: Bad Economy Hits Close to Home for 96% of Households
Survey of 1000+ household reveals surprising results of how the
economy has impacted
their jobs, families, finances, and giving
For Immediate Release
By Brian Kluth, Author of the bestselling
and Speaker for the
radio program and
many decades, most Americans believed they would do better
financially each year than the year before. Household income
would regularly increase for many families through raises,
bonuses, cost of living increases, overtime pay, and perks.
That’s no longer the case for many of these families—at least
right now—as a new constituency survey conducted with more than
1,000 Christian households, shows.
second annual View from the Pew survey was conducted by
Generosity and Christianity Today International. It generated
responses from 1,029 Christian households during the first half
2010. Brian Kluth, founder of this annual research and
bestselling author of the
www.GenerousLife.org Bible devotional said, "In this
research we discovered that people families are learning how to
stretch their resources in a difficult economy and job market,
help others who have been hurt by the economy, and remain
faithful in their giving. "
This recession is touching the lives of loved ones and
economic downturn is personal for many families. In the survey,
96 percent said they personally know people who lost their job
in the last year; 44 percent know people that moved away to find
employment; and 30 percent personally know people who lost their
home through foreclosure. In any group of people there are
always some with surplus, some that are stable, some that are
struggling, and some that are sinking. It is important that
those who have surplus or are stable look for active ways to
help those who are struggling or sinking.
Incomes have flat-lined or
declined for 77 percent of households
many decades, people enjoyed rising incomes year after year.
But that picture has dramatically changed. Positions have been
eliminated, paychecks have gone away, pensions have gone down,
and investment portfolios have been battered. The result is
that only 23 percent of households saw their family’s income
increase from the previous 12 months. Meanwhile, 44 percent saw
their income stay the same and 33 percent saw theirs go down.
Now more than ever, churches need to help people understand
Biblical financial principles that will help lead them to wise
Generosity start young and become a lifelong practice
many people of faith, giving was learned early on and continues
to be practiced as a priority in good times and in hard times.
Among survey responders that actively give 10 percent or more of
their income to the Lord’s work, this practice was learned
earlier in life rather than later.
asked “What percent of income do you donate?” 22 percent said
they give less than 10 percent of their income, 18 percent give
10 percent of their income, 42 percent give 11 to 15 percent of
their income, 10 percent give 16 to 20 percent of their income,
and 8 percent give more than 20 percent of their income. For
those that give 10 percent or more of their income, 27 percent
started in their childhood/teen years, 33 percent started in
their 20’s, 20 percent started in their 30’s, and only 20
percent started after the age of 40.
survey also showed that 98 percent of people faithfully give to
their local church, but they also generously support many other
Christian and charitable causes. Besides giving to their local
church, here is a list of the top 10 places people gave in the
past 12 months:
Missions/Missionaries, 60 percent
Crisis/Relief/Natural Disasters/Refugees, 45 percent
Unemployed people they knew, 33 percent
Local Community/Cultural/Sports/School Groups, 28 percent
Denominations, 26 percent
Homeless People/Beggars,25 percent
Media/Radio/TV Ministries, 24 percent
Evangelism/Evangelistic Crusades, 24 percent
Students/Military Ministries,23 percent
Rescue Missions/Homeless Ministries, 23 percent
those Christians who read their Bible 7 times a week, they
carried fewer debt obligations – 50 percent had mortgage
payments, 31 percent had car payments, and 24 percent had credit
card bills beyond 30 days old. These percentages were much
lower than those who never read their Bible – 80 percent had
mortgage payments, 53 percent had car payments, and 53 percent
had credit card bills beyond 30 days old.
more details/graphs on the View from the Pew research
(and the companion research among 1000 churches on giving,
budgets, and financial/generosity teaching), go to:
is a Pastor, Author, Researcher, and Radio Speaker for the
www.GiveWithJoy.org eDevotional. His
40 Day devotional has been used by over 1300 churches to inspire
generosity and increase giving. He also is the founder of
website and free eNewsletter for pastors and church leaders.
firstname.lastname@example.org Cell: 719-930-4000.