Young people today are using financial technology to conduct all sorts of business, and they’re relying less and less on in-person banking and financial management. As ministry leaders, we have to ask: is this a good thing? While simple banking activities can be much simpler and quicker online, the psychological effects of financial digitization may make spending much less painful, and saving that much more difficult.
What are the implications of this shift for the church and our ministry to and with young people? How can church leaders support young people in responsible financial decision-making, and what is the church’s responsibility regarding stewardship when so many young congregants struggle with high student and personal debt loads?
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