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The Magazine of The Evangelical Lutheran Church in America

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Soul and wallet

Faith and Money: How Religion Contributes to Wealth and Poverty (Cambridge University Press, 2011) suggests that mainline Protestants, white Roman Catholics and Jews are more likely to have high levels of financial wealth.

Evangelical and black Protestants and Hispanic Roman Catholics are generally below the nation's median net worth, but are more inclined to donate to religious causes.

Access to education, higher paying jobs and marital status all make a difference and vary tremendously across faith groups.

"Religion is the key factor" impacting financial wealth because it influences life opportunities and decisions that impact wealth, said author Lisa A. Keister, a sociologist at Duke University in Durham, N.C.


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