If the Bible is to be believed, God cares a lot about how people use money. In more than 2,000 verses, it teaches that we should use our resources to defend the poor and the oppressed, to give generously to those in need, and to invest wisely.
It also offers numerous warnings about God’s judgment on those who acquire wealth through immoral means, misuse their financial resources, or use their wealth to oppress, enslave, or abuse others. In fact, the Apostle Paul warns that “the love of money is the root of all evil” [1 Timothy 6:10] and Christ explains that “it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God” [Mark 10:25].
Given these warnings, American clergy certainly have plenty to preach about.
In the United States, the historic gap between the ‘haves’ and the ‘have nots’ has recently grown much wider. According to the Pew Research Center, the wealth gap between the largely white, upper-income families and largely non-white, lower- and middle-class families grew after the Great Recession (2007-09) and is now at historic highs:
In 2016, the median wealth of white households was $171,000. That’s 10 times the wealth of black households ($17,100) – a larger gap than in 2007 – and eight times that of Hispanic households ($20,600), about the same gap as in 2007.
Additionally, big business executives in the ‘Age of Trump’ seem to be doing quite well. A new regulation requiring American corporations to publicly report executive-to-median-employee pay ratios revealed that the largest companies produced the worst income inequalities. Whereas small companies reported comparatively low median pay ratios and high median employee salaries, the largest corporations reported the opposite: employee salaries were low and the CEO-to-employee pay ratio was in excess of 250:1.
Despite these concerns, the American Church has been mostly silent on economic problems, focusing instead on other social and cultural issues, such as racism, immigration, and criminal justice reform.
This lack of critique could be blamed, in part, on President Trump, who enjoys broad support from white Evangelicals. Rather than finding his predilection for opulence troubling, many of his religious advisers embrace a version of the ‘prosperity gospel’ that encourages Christians to seek out material blessings as a sign of God’s favour. One such adviser, Rodney Howard-Browne, pastor of The River at Tampa Bay, has a ministry dedicated to “raising up multi-millionaires and billionaires” for the purpose of funding its ministry programmes.
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