As church leaders seeking to understand inflation, we must not only be aware of its impact but also continue to move forward in ministry.
While many Americans had forgotten the negative impact inflation can have, its emergence has caused many organizations to pull back on financial plans. As church leaders seek to understand inflation, it’s important to not only be aware of its impact but to continue to move forward with ministry.
Where did inflation come from?
Rapidly increasing inflation was a natural byproduct of huge pandemic stimulus payments to individuals and businesses. These helped many nations avoid economic catastrophe in 2020, but they also set in motion a series of economic reactions. This extra spending money led to a spending spree that soon multiplied as people ventured out to shop more regularly.
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