Almost a quarter of US churches are overspending

 (Photo: Darren Deans)

Almost one in four Protestant churches in the US are spending more than their budgets allow, a new survey has found.

A study by Lifeway Research shows that only 29 per cent of churches have kept their spending below budget in 2014, while around half - 46 per cent - are on target and 22 per cent are exceeding funds.

"The most recent of recession revealed poor habits among Americans in term of spending and lending. Surely churches have had to learn some of these same lessons," Research Director at Lifeway, Scott McConnell, said.

"The current slow-growth economy does not allow individuals, businesses, or churches to slip into poor financial habits that may have been present seven or eight years ago. Everyone must be innovative in how efficient and productive each of their activities is."

Churches suffered during the economic downturn which first hit in 2008, with church-goers dropping their donations to an average of 2.43 per cent of their income that year.

However, Lifeway found that donations are once again on the rise, with over 70 per cent of Protestant churches reporting that parishioners have been more generous this year than last.

During the recession, Christian mental health charity Mind & Soul said that religious faith actually helped people to be more resilient in the face of financial hardship.

"Resilience factors like a sense of humour, a good upbringing are obvious, but studies also show that having a religious faith is a key factor," Rob Waller, Consultant Psychiatrist and Director, said.

"Faith reduces general stress, promotes health-improving behaviours, helped adaptation after trauma, recovery from substance misuse and sexual abuse and maintaining a positive attitude to life," he added.

"A belief that there is 'more to life than this' can help us in times of pressure - we may not feel so trapped by time, money and possessions and we may be able to hold more faith that this time we are in will not last for ever."

related articles
Slight increase in megachurch pastors' salaries

Slight increase in megachurch pastors' salaries

Church employees struggling with debt

Church employees struggling with debt

US pastors paid up to $300,000 - are Church of England vicars getting a raw deal?
US pastors paid up to $300,000 - are Church of England vicars getting a raw deal?

US pastors paid up to $300,000 - are Church of England vicars getting a raw deal?

David Robertson: Confessions of a Rich Pastor
David Robertson: Confessions of a Rich Pastor

David Robertson: Confessions of a Rich Pastor

News
What we can learn from Mary of Bethany
What we can learn from Mary of Bethany

Dear reader, what would it look like for you to be a Mary of Bethany in this day and age?

Why the world needs more women like Dullari
Why the world needs more women like Dullari

In the UK, gender equality conversations often focus on pay gaps or female representation in leadership, but in Nepal the struggle is far more basic. It is whether a girl can go to school, whether a woman can seek medical care without permission from her husband, and whether she can live in her own home without fear.

Fresh drive to reach 100,000 girls with anti-trafficking programme
Fresh drive to reach 100,000 girls with anti-trafficking programme

An international charity has committed to reaching 100,000 girls worldwide who are at risk of human trafficking. 

The story of the Bible’s female leaders
The story of the Bible’s female leaders

8 March is International Women’s Day. In the Bible we can read about the roles that many women played in leadership and ministry. This is the story …