Now Playing
K95.5 Tulsa
Last Song Played
Tulsa's New Country Leader
On Air
No Program
Now Playing
K95.5 Tulsa
Last Song Played
Tulsa's New Country Leader

Posted: September 15, 2016

The religious economy is worth $1.2 trillion

By Ryan Biek

How much is religion worth?

The answer is more than megacompanies Apple and Microsoft make in a year combined.

recent study of the U.S. faith economy found religious goods, services and institutions are worth $1.2 trillion a year.

>> Read more trending stories  

Religion might affect America's economy more than you realize. Congregations alone employ hundreds of thousands of people and purchase billions of dollars in goods.

Faith-based elementary schools receive over $15 billion in tuition annually, and that doesn't include middle schools or high schools.

Kosher and halal food sales account for almost another $15 billion. The study's authors didn't include holiday-centered food sales, either, like your usual Christmas dinner menu. That would dramatically increase the faith economy's worth.

Religious health care networks also bring in over $160 billion each year.

Plus, 20 of America's 50 largest charities are faith-based -- accounting for another $45 billion.

The researchers acknowledged their $1.2 trillion estimate is actually a conservative one. Their figure didn't account for the value of religious groups' physical or financial assets, which could make the estimate significantly bigger.


There are no comments yet. Be the first to post your thoughts. or Register.