Study: Economy puts churches in a bind
from Baptist Press
While the U.S. economy shows signs of experiencing a "jobless recovery," the country's 10 percent unemployment rate is keeping church budgets in a bind, a new study by LifeWay Research found. Yet in spite of the financial difficulty, many churches are launching new ministries to help families in need. A full 35 percent of 1,002 Protestant pastors surveyed in November 2009 said giving in their churches was flat compared to the same period in 2008. Another 29 percent said giving was down, including 18 percent who reported a decrease of 10 percent or more.
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