Decline in religious faith has an impact on the economy

It’s difficult to believe that the decline will make people less lonely and depressed.

A popular saying brought forth during World War II stated that “There are no atheists in foxholes.” In 1960, presidential candidate John F. Kennedy met with Protestant church leaders to satisfy them that his being a Catholic would not conflict with his responsibilities if elected President. And when then-President Bill Clinton had been caught lying about his relationship with White House intern Monica Lewinsky, he carried around an oversized, photo-op-ready Bible to indicate his penitence.

From the Declaration of Independence to today’s coinage, God and religion have had an important part of our nation’s history and in shaping its character. Its impact on the economy was significant, not only in our economic goals but also in our behavior.

In today’s economy, for example, we pay a price for individuals’ loneliness and depression in both personal habits and workplace behavior. And it is difficult to believe that the decline in religious beliefs will make people less lonely and depressed. The opposite seems more likely.

The latest data from the Pew Research Center, though, indicates that membership in organized religious groups continues its rapid decline. Are these historical and current things related in some way? Possibly.

The Pew survey indicates that “65% of American adults describe themselves as Christians when asked about their religion, down 12 percentage points over the past decade.” The survey also indicates that “17% of Americans now describe their religion as ‘nothing in particular,’ up from 12% in 2009.”

We should keep in mind that many people consider their religious preferences to be no one else’s business. Despite Pew’s excellent reputation, then, when someone calls and wants to talk about religion, some respondents may be straying from what they really believe.

In the Pew survey affiliation with an organized religion is a factual question, not a matter of opinion. A problem still arises, though, when we look for the causes of organized religion’s declining membership: people may not know, exactly, why religion no longer appealed to them, or if they do know the reason, they might not want to share it with anyone.

America is changing, but questions about religion’s decline remain. We don’t know, for example, its cause. We also don’t know how important religion is to the fundamentals of American life. It’s not surprising then that we don’t know what the impact on our economy has already been and will be.

The decline in religion is not a new thing. Matthew Arnold wrote about it in 1851 in his famous poem, “Dover Beach,”

…The Sea of Faith was once, too, at the full,

and round earth’s shore

Lay like the folds of a bright girdle furled.

But now I only hear

Its melancholy, long, withdrawing roar, …

Arnold was writing mostly about England and Europe, but there are also references to religious ebbs and revivals dating back to Old Testament times.

And we in America have our own history of religious declines and revivals, sometimes referred to as “Awakenings,” that took place at various times from pre-Revolutionary days to the early 20th century.

All this history is important to us as we try to understand the religiosity data and assess its impact on our economy, and how we will live our lives.

Sometimes the data itself offers a clue about possible causes. One analyst, Derek Thompson, who writes for The Atlantic, believes that the key is in the timeline. Identifying what happened in the early 1990s to make so many people suddenly lose their faith in religion.

He narrows it down to three events: “the association of the Republican Party with the Christian right, the end of the Cold War, and 9/11.” Of the three, only the end of the Cold War seems at all plausible. By the time of the 9/11 terrorist attacks, the accelerated rate of religious withdrawals already had a decade of momentum behind it. And the Christian right’s influence on elections had been waning for some time.

There might be something to the connection between religion and the end of the Cold War, though. The Soviet Union and its half of the Mutual Assured Destruction (MAD) military strategy had been the source of the background fear that our world could end at any moment. When that fear was lifted perhaps some of us felt free to live our lives without the constraints that religion places on them. Nuclear proliferation, though, may put an end to our complacency and cause a rebirth in religious beliefs.

Economists have been mostly absent from the effort to understand issues that the decline in organized religion presents, and that is most unfortunate. One way or another, the shrinking of organized religion is reshaping our economy and we should be preparing for the change.

Talk to us

> Give us your news tips.

> Send us a letter to the editor.

> More Herald contact information.

More in Business

A closing sign hangs above the entrance of the Big Lots at Evergreen and Madison on Monday, July 22, 2024, in Everett, Washington. (Ryan Berry / The Herald)
Big Lots announces it will shutter Everett and Lynnwood stores

The Marysville store will remain open for now. The retailer reported declining sales in the first quarter of the year.

George Montemor poses for a photo in front of his office in Lynnwood, Washington on Tuesday, July 30, 2024.  (Annie Barker / The Herald)
Despite high mortgage rates, Snohomish County home market still competitive

Snohomish County homes priced from $550K to $850K are pulling in multiple offers and selling quickly.

Henry M. Jackson High School’s robotic team, Jack in the Bot, shake hands at the 2024 Indiana Robotics Invitational.(Henry M. Jackson High School)
Mill Creek robotics team — Jack in the Bot — wins big

Henry M. Jackson High School students took first place at the Indiana Robotic Invitational for the second year in a row.

The computer science and robotics and artificial intelligence department faculty includes (left to right) faculty department head Allison Obourn; Dean Carey Schroyer; Ishaani Priyadarshini; ROBAI department head Sirine Maalej and Charlene Lugli. PHOTO: Arutyun Sargsyan / Edmonds College.
Edmonds College to offer 2 new four-year degree programs

The college is accepting applications for bachelor programs in computer science as well as robotics and artificial intelligence.

FILE — Boeing 737 MAX8 airplanes on the assembly line at the Boeing plant in Renton, Wash., on March 27, 2019. Boeing said on Wednesday, Feb. 21, 2024, that it was shaking up the leadership in its commercial airplanes unit after a harrowing incident last month during which a piece fell off a 737 Max 9 jet in flight. (Ruth Fremson/The New York Times)
Federal judge rejects Boeing’s guilty plea related to 737 Max crashes

The plea agreement included a fine of up to $487 million and three years of probation.

Neetha Hsu practices a command with Marley, left, and Andie Holsten practices with Oshie, right, during a puppy training class at The Everett Zoom Room in Everett, Washington on Wednesday, July 3, 2024. (Annie Barker / The Herald)
Tricks of the trade: New Everett dog training gym is a people-pleaser

Everett Zoom Room offers training for puppies, dogs and their owners: “We don’t train dogs, we train the people who love them.”

Andy Bronson/ The Herald 

Everett mayor Ray Stephenson looks over the city on Tuesday, Jan. 5, 2015 in Everett, Wa. Stephanson sees  Utah’s “housing first” model – dealing with homelessness first before tackling related issues – is one Everett and Snohomish County should adopt.

Local:issuesStephanson

Shot on: 1/5/16
Economic Alliance taps former Everett mayor as CEO

Ray Stephanson will serve as the interim leader of the Snohomish County group.

Molbak's Garden + Home in Woodinville, Washington will close on Jan. 28. (Photo courtesy of Molbak's)
After tumultuous year, Molbak’s is being demolished in Woodinville

The beloved garden store closed in January. And a fundraising initiative to revitalize the space fell short.

Everett Mayor Cassie Franklin, Advanced Manufacturing Skills Center executive director Larry Cluphf, Boeing Director of manufacturing and safety Cameron Myers, Edmonds College President Amit Singh, U.S. Rep. Rick Larsen, and Snohomish County Executive Dave Somers participate in a ribbon-cutting ceremony on Tuesday, July 2 celebrating the opening of a new fuselage training lab at Paine Field. Credit: Arutyun Sargsyan / Edmonds College
‘Magic happens’: Paine Field aerospace center dedicates new hands-on lab

Last month, Edmonds College officials cut the ribbon on a new training lab — a section of a 12-ton Boeing 767 tanker.

Gov. Jay Inslee presents CEO Fredrik Hellstrom with the Swedish flag during a grand opening ceremony for Sweden-based Echandia on Tuesday, July 30, 2024, in Marysville, Washington. (Ryan Berry / The Herald)
Swedish battery maker opens first U.S. facility in Marysville

Echandia’s marine battery systems power everything from tug boats to passenger and car ferries.

Helion Energy CEO and co-founder David Kirtley talks to Governor Jay Inslee about Trenta, Helion’s 6th fusion prototype, during a tour of their facility on Tuesday, July 9, 2024 in Everett, Washington. (Olivia Vanni / The Herald)
State grants Everett-based Helion a fusion energy license

The permit allows Helion to use radioactive materials to operate the company’s fusion generator.

People walk past the new J.sweets storefront in Alderwood Mall on Thursday, July 25, 2024, in Lynnwood, Washington. (Olivia Vanni / The Herald)
New Japanese-style sweets shop to open in Lynnwood

J. Sweets, offering traditional Japanese and western style treats opens, could open by early August at the Alderwood mall.

Support local journalism

If you value local news, make a gift now to support the trusted journalism you get in The Daily Herald. Donations processed in this system are not tax deductible.