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Published byCora Ramsey Modified over 9 years ago
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Does money matter? Findings from the 21 st Century Evangelicals Panel Survey September 2012
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Our panel of respondents In May 2012, 1,237 Christians responded to the latest wave of our panel survey about money. A response rate of 42.5% 54% Male/ 46% Female 31% Anglican, 21% Charismatic/Independent, 18% Baptist and a variety of other denominations
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Income Levels: 21% of respondents said their household income was less than £20 000. 54% said their household income was between £20 000 and £50 000. 25% had incomes over £50 000. The Institute of Fiscal studies suggests that the mean household income in the UK is £25 000. (Only 42% of our panel state their annual pre-tax income below £30 000).
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Ethical consumers? 97% of our panel sometimes buy Fair-trade or ethically sourced goods 85% buy products for environmental reasons. 89% choose to deal with companies they know to be run by Christians.
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Debt? Only 10 % of our panel owe more than £10 000 in debts that are not related to home purchase and 58% owe nothing at all. 56% have at some time turned to family and friends to borrow money. 25% have received financial help from their church, minister or from another Christian. The average family debt in the UK from loans, credit cards and overdrafts is £7,900 (Precious Plastic 2012, PWC)
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Faith, Risk and money 92% agree that It is every Christian's duty to help those in poverty 88% agree that Even if I lost all my savings and income I can trust that God would supply everything I need 88% agree that Christians should make sensible financial investments to provide for their families and their own old age 77% think that it is important to take out insurance on possessions 74% agree that Christians should avoid all forms of gambling
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Theology 50% agree that when Jesus said "blessed are the poor" he meant it literally - not just spiritually But only 36% agree that wealth is usually a real barrier to someone who seeks to follow Christ (although Jesus said: "It harder for a rich man to enter heaven than for a camel to pass through the eye of a needle.”) 36% agree that speculation and taking risks on the financial markets is morally wrong 21% agree that If a Christian is faithful and/or gives generously to God's work they will prosper economically
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Giving On average, after tax evangelicals give away about 14.5% of what they earn. 87% agree that When I give money to my church or charities I try to make sure it is Gift Aided.. And 80% prefer to use direct debits or standing orders for regular giving. 63% believe in tithing, and so give around 10% (or more) of their income to church, Christian organisations and various charities 31% say I give substantial amounts to individuals in need whom I know personally.
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Churches and money 60% had, on more than one occasion heard a sermon or talk about a responsible Christian attitude to money and finance. 77% have heard or received information about an appeal for ‘extra’ giving for a particular church project. 45% of respondents attend a church which has a fund or scheme that helps people in immediate need. 42% a church that supports or runs a food bank.
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To read any of our research reports, join the panel, or stay updated on with our research: Visit www.eauk.org/snapshot
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