American economy is determined by a number of factors and these factors also affect the normal American household’s income. Various factors and issues have been discussed on how external factors such as education and religion can affect and impact a household’s income. One of the most influential factors covered would be religion. The New York Times presented a study conducted by the Pew Forum. This study made a comparison of household wealth vis-à-vis the level of education for various religious affiliations in the country.
Here is the list of the top 10 American religious groups that make most money.
10. Jehovah’s Witness
Only 9% of the total population that belongs to the Jehovah’s Witness religious group earns more than $100,000 while most of them, which accounts to the 42% of their population, earns less than $30,000. Compared to other religious groups, households who are practicing this religion are relatively unable to earn more income. They are known for their practice of door-to-door preaching, refusing blood transfusions and military services, and distributing their own literature. They do not celebrate Christmas, birthdays, Easter, and other holidays that are usually celebrated by Christians. Once a former member of their religion leaves, they are considered shunned from the fellowship.
9. Evangelical Protestant Churches
A significant 16% of the Mormon’s American population earns more than $100,000 and most of them, which accounts to 38%, earn more than $50,000 but less than $100,000. Mormonism is the principal branch of the Latter Day Saint Movement and this fellowship has established a strong sense of community that dates way back in its history of foundation. They are not allowed to drink alcoholic beverages, coffee, teas, tobacco, and other addictive food items. A mormon household is usually family oriented and they adhere to their belief of strict fidelity within the marriage.
16% of the Muslim population in America earns more than $100,000 while 35% of them earn less than $30,000. Muslims believe that their core purpose of existence is to love and serve God. They believe that their religion, which is Islam, is universal version of primordial faith. They also have an Islamic law that they use as guide in their everyday life which even includes their banking behavior and beliefs.
Only 19% of the Catholics in America earn more than $100,000 while a significant 31% of them earns less than $30,000. The Catholic church is considered to be one of the oldest institutions in the world and has a played a significant role in various fields such as arts, culture, and philosophy. Despite the various controversies and issues that the Catholic church has faced, it has continued to be one of the most influential religious bodies worldwide.
5. Mainline Protestant Church
22% of the total Buddhist population earns more than $100,000 while 34% of them earns more than $50,000 but less than $100,000. Buddhism is a religion that has a variety of traditions and beliefs based on the teachings of Siddharta Gautama, or most popularly known as Buddha. Buddhists have the concept of nirvana which can be achieved through elimination of ignorance by way of seeing the dependent origination, and the elimination of desire.
A significant 28% of the Orthodox earns more than $100,000 while 29% of them earns more than $50,000 and less than $100,000. Orthodox Christianity is a collective term both for Eastern and Oriental Orthodoxy. These religious groups keep similar church structures and same worship practices.
Hindus ranked the second in terms of richest households based on religion. 43% of their total population earns more than $100,000 while 9% of them earn less than $30,000. Hinduism originated in India and its core belief is that there is only one Supreme Being, which is Brahman. They also pursue knowledge of reality and truth. They work towards attainment of moral order and proper action, and they also promote tolerance.
The Jewish religion group is considered to be the most affluent compared to other religions. 67% of reform Jewish households are able to earn more than $75,000 annually, which is a far cry from the 31% of the whole population.
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