Presbyterian Mission Agency consumer debt Archives

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Minister Survey shows pastors struggle with consumer debt, retirement planning

Posted October 4th, 2021

It comes as no surprise that Presbyterian Church (U.S.A.) ministers, like many people, face financial challenges. Most ministers report being financially stable, owning a home, paying their bills, and planning for (or living in) retirement, according to research conducted by PC(USA) Research Services. Available in English, Spanish, and Korean, the Minister Finance Report, which does not include educational debt, shows that about half of all pastors report that their household incomes are sufficient to meet their needs and manage debt. In fact, 25% of non-retired ministers report no consumer debt. However, about 1 in 4 pastors report they cannot afford vacations and big-ticket items.