Compensation for full-time Southern Baptist pastors is rising slightly faster than inflation, but the mounting cost of benefits is forcing churches to provide fewer pastors with medical insurance.
Read MoreEconomy
Churches Not Yet Enjoying Economic Rebound
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.
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Bad Economy Challenges Churches but Provides Opportunities
Protestant churchgoers in America remain generous during difficult economic times, and their churches have increased their ministry to the needy. Despite the country being in an official recession for the past year, giving in 2008 was up an average of 4 percent over 2007 according to a survey of 1,000 Protestant pastors by LifeWay Research.
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