“Our hope and prayer is there will be a fund of some sort to help pastors,” she said. Pastors are frequently paid wages that make it difficult to manage financially, BGCT financial counselors have learned.
Among BGCT pastors only 59 percent of pastors receive a housing allowance, only 37 percent receive cash allowances for personal expenses, 36 percent receive a retirement plan or pension and 34 percent receive health insurance, Tervooren said the BGCT learned in a 2018 survey.
Rising inflation coupled with supply chain delays makes a recession more likely, according to financial analysts.
This article originally appeared on BaptistPress.com.
