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Does money matter? Findings from the 21 st Century Evangelicals Panel Survey September 2012

Does money matter? Findings from the 21 st Century Evangelicals Panel Survey September 2012. Our panel of respondents.

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Does money matter? Findings from the 21 st Century Evangelicals Panel Survey September 2012

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  1. Does money matter?Findings from the 21st Century EvangelicalsPanel SurveySeptember 2012

  2. 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% Female31% Anglican, 21% Charismatic/Independent, 18% Baptist and a variety of other denominations

  3. 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).

  4. 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.

  5. 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)

  6. 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

  7. 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

  8. 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.

  9. 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.

  10. 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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