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Is Your Religion Your Financial Destiny?
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Economy; Posted on: 2012-07-21 19:38:15 [ Printer friendly / Instant flyer ]
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The economic differences among the country’s various religions are
strikingly large, much larger than the differences among states and even
larger than those among racial groups.
The most affluent of the major religions — including secularism — is
Reform Judaism. Sixty-seven percent of Reform Jewish households made
more than $75,000 a year at the time the Pew Forum on Religion and
Public Life collected the data, compared with only 31 percent of the
population as a whole. Hindus were second, at 65 percent, and
Conservative Jews were third, at 57 percent.
On the other end are Pentecostals, Jehovah’s Witnesses and Baptists. In
each case, 20 percent or fewer of followers made at least $75,000.
Remarkably, the share of Baptist households making $40,000 or less is
roughly the same as the share of Reform Jews making $100,000 or more.
Overall, Protestants, who together are the country’s largest religious
group, are poorer than average and poorer than Catholics. That stands in
contrast to the long history, made famous by Max Weber, of Protestant
nations generally being richer than Catholic nations.
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News Source: NYTimes
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