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May 25, 2021

How Religion Contributes to American Prosperity

A value that goes beyond dollars.

While it may seem counterintuitive, if not sacrilegious, to place a dollar value on the service of God, a 2016 study tries to do just that, concluding, in Brian Grim’s words, that “religion is responsible for $1.2 trillion of socioeconomic value annually to the U.S. economy.” This number includes the economic value of congregations and other religious institutions, as well as “faith-based, faith-related, or faith-inspired businesses.” But Grim argues that this contribution is different from that of, say, a business that employs the same number of people.

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