When is the best time to engage your givers and ask them to invest in your ministry and mission? Now.
Right now is possibly the very best time, if not ever, certainly the best time in the last two decades.
Why would we say that?
The economy overall is doing very well. The equity markets are in record territory. Consumer economic markets are strong. Consider these data points:
- From April through June last year, Americans put away an astonishing 25.8% of their disposable income, compared with 7.3% over the same months in 2019. That’s over three times as much!
- From March 2020 to April 2021, the personal saving rate averaged 18.7%—the highest rate over that length of time since WWII.
-The Dow Jones Industrial average is up 24% since March 2020 (as of this writing).
-The S&P 500 Index is up 31% since March 2020 (as of this writing).
-The amount of funds in “checkable deposits” — not stock and bonds but money people can get their hands on right now — increased from $19 trillion in February 2020 to $39 trillion in July 2021! That’s more than DOUBLE!
In this 6-minute video Dave Travisprovides an overview of the current economy and insights of the past 18 months that lead us to believe that this could very possibly be the best time to engage your givers in your church's next chapter of ministry and mission.
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