Pastor, your church is about to receive a major blow.
My friend Barry Allen of Louisville knows about churches and finances. Barry, who heads up the Kentucky Baptist Foundation, had this to say recently in The Western Recorder:
“It is likely that thousands of churches and ministries will (join Robert Schuller’s Crystal Cathedral in going) bankrupt within the next decade or two.”
Why? Barry says the major factor is that the older members in every church are the heavy givers. “Did you know that people over age 75 give four times as much of their income as 25 to 44 year olds?”
He said, “Although older members account for only 19 percent of the membership of churches in the USA, they give 46 percent of the donations.”
In case you haven’t been paying attention, that generation is dying off at an alarming rate. In fact, through the estates they leave behind, Barry says they will be passing 41 trillion dollars of wealth to their children, grandchildren, and other heirs–as well as to the government in taxes.
The effect of this generation of heavy givers leaving the scene, Barry says, will be like a tsunami clobbering our churches. He adds, “Most churches and ministries are unprepared.”
That should give you something to think about today!