HOW TO MAKE NONES AND LOSE MONEY: STUDY SHOWS COST OF CATHOLIC SEX ABUSE SCANDALS
It doesn't take more than a glance at the recent Reuters report to see that the American Catholic church doesn't just have a crisis in the rising number of former Catholics. Unsurprisingly, those same Catholics took their money when they walked. The resulting closures of multiple parishes and a drain on the retirement fund for priests have added to the $3 billion cost of the clergy sex abuse scandal, leaving the American church with a massive money problem and shrinking numbers of parishioners on the eve of Pope Francis' arrival.
A recent study by Nicholas Bottan and Ricardo Perez-Trugila in the Journal of Public Economicsrevealed that, unsurprisingly, "a scandal causes a persistent decline in the local Catholic affiliation and church attendance."
This BBSNews article was syndicated from Home, and written by Shakak Manteq. Read the original article here.