Religious households more likely to save money, plan for the future

Nicholas C. DiDonato

Family savings

Some see religion as an unnecessary burden because it requires time and money. While time cannot be recovered, money has a way of yielding returns on investment. Research by economists Luc Renneboog and Christophe Spaenjers (both Tilburg University, Netherlands) suggests that religious households tend to save money and plan for the future more than non-religious households, and, further breaking their results down, that Catholics attach greater importance to thrift and less importance to risk than Protestants.

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