Dear Chuck,
I have five adult children who constantly come to me with financial emergencies. I am 70 years old. Our family is fractured, so I’m trying all I can to preserve relationships. How intrusive can I be in their use of money?
Financially Fatigued Mom
Dear Financially Fatigued Mom,
The Scripture is true: “I have no greater joy than to hear my children are walking in the truth.” (III John 1:4 ESV). I would add to that: “I have no greater relief than to see my children paying their own way in life.”
This is an emotionally charged topic. Navigating family relationships is challenging enough; but throw in the financial expectations they may have, and it can be very explosive. Here is my advice.
Set New Boundaries
Your desire to preserve relationships within your family is important and appropriate. But, unless you set boundaries, you will likely never accomplish your desired goal. Adult children who continue to look to you for financial help will depend on you instead of God. Enabling them prolongs your pain and prevents them from maturing in financial matters. Your goal should be to help them “grow up” and handle money wisely.
You should resolve to only provide them with Biblical financial counsel—and not funds. Before anyone comes to you for more money, let them each know privately the way that you plan to handle things in the future.
Set New Expectations
Consider writing a letter so they fully understand your intentions. It could go something like this:
Dear <Child Name>,
In the past, I have tried my best to help you financially. Because I love you, things will be different from this day forward. My goal is that you learn how to handle money wisely and escape the need for my financial support in the future.
My motivation is to help you thrive as an independent family unit. I hope you will be able to see my sincere love and concern for you in this new phase of our relationship. Let’s not let money come between us. Love, Mom
If They Live at Home
If adult children are living at your home, consider the following:
Resolve to Trust the Lord
Remember the words of the Apostle Paul:
“Put on then, as God’s chosen ones, holy and beloved, compassionate hearts, kindness, humility, meekness, and patience, bearing with one another and, if one has a complaint against another, forgiving each other; as the Lord has forgiven you, so you also must forgive. And above all these put on love, which binds everything together in perfect harmony. And let the peace of Christ rule in your hearts, to which indeed you were called in one body. And be thankful.” (Colossians 3:12-15 ESV)
Ask the Lord for strength to allow them to suffer the consequences of financial mismanagement. Be patient, calm, and affirming. Remind them in love that you desire to help them.
If they request money that conflicts with your values or compromises your financial situation, just say “No.” Do not speak harshly, shame them, or manipulate them. Do not feel guilty. You must take care of your needs so you are prepared for your future. Even if you have plenty of money, desire their financial independence, and point them to God’s financial principles. You may need to structure your will for beneficiaries who do not handle money well. If you lend, keep careful records. If and when they fully repay you, consider giving them the money as a reward for their diligence and honesty. Do not tell them this up front. Keep it as a surprise to encourage their continuing financial education.
I hope this helps you overcome the emotional fatigue and financial stress you are experiencing. It is not “intrusive” to share the truth in love and to expect better for your children’s financial future.
In addition to the Crown resources listed above, please consider listening to—and having your children listen to—the Crown Stewardship Podcast for more in-depth wisdom on the application of God’s financial principles.
This article was originally published on The Christian Post on December 17, 2021.
Dear Chuck,
My husband and I are both working adults. With 3 kids at home and trying to care for some extended family here and abroad, I am increasingly struggling with financial anxiety. Now the holiday pressures are making it worse. Please help me deal with this!
Family Financial Stress
Dear Family Financial Stress,
You obviously have a big heart…maybe bigger than your budget can afford.
The Bible says that we are to provide for our own immediate families. (I Timothy 5:8) This is a responsibility that the Lord has entrusted to us. When you add extended family members, here and/or those living in a different country, it is no wonder your stress is great.
Immigrants or children of immigrant parents face pressures that differ from many in the general population. Learning the language, navigating the culture, and the burden to succeed create tremendous stress. In my travels, I have seen how parents in some nations sacrifice greatly to give their children an excellent education. Once in the working world, these children are then expected to sacrifice for their parents. The pressure for a couple to support four aging parents along with their own children can be financially and emotionally crippling.
Financial Anxiety
Researchers at the Global Financial Literacy Excellence Center at George Washington University and the FINRA Investor Education Foundation found that prior to Covid-19, more than half of American adults experienced financial anxiety. The report shows that anxiety occurs in thinking about or discussing money. (This is without the very real pressures you and your husband are shouldering.) Women, young adults, those with financial dependents, and those who are low-income, unmarried, and unemployed feel most anxious. Respondents reported that too many expenses and monthly bills, especially medical expenses, were major factors contributing to high anxiety.
My Advice
First, establish a budget that primarily takes care of your immediate family. Meet with your husband, and discuss the appropriate distribution of the surplus funds that you discover in your budgeting process.
Next, set priorities for whom your budget will allow you to support, and then, determine how much can be allocated to them as the Lord provides.
Communicate to those whom you may not be able to support on a regular basis that you are sorry that you cannot continue. Let them know that you will help them establish a budget, and encourage them to try and take care of their needs themselves.
For those that may be totally dependent on your financial support and are unable to work or care for themselves, set some goals for what you may be able to do should the Lord provide an increase in your income, but live within your budget without compromise.
Make or improve your plan. If grandparents are living with you, possibly they can be asked to make some contribution to the needs of the family, like babysitting, doing household chores, shopping for discounts, cooking, cleaning, or running time-saving errands. Don’t rule out that some family members may be capable of generating income under the right circumstance or opportunity. A friend who operates an online business has his parents that live with them answering emails, praying with customers, and even filling orders.
Consider creative ways to give meaningful gifts that do not cost money. Often, a handmade card, a day spent together, or a poem or song will convey your love far more than a gift that comes in a box.
Reduce Financial Anxiety
God’s Word gives us financial principles for our good. When we fail to know and live by God’s financial principles, we actually create circumstances that increase our stress. He also told us how to deal with anxiety. Here are some tips that have helped me:
The key to breaking the anxiety loop is faith exhibited by a deep trust in God’s character and an assurance of His promises.
Faith is a muscle that grows under tension. It is an exercise that must be practiced. Remember the words the apostles spoke to the Lord? “Increase our faith!” (Luke 17:5 ESV) Or, remember the father who brought his boy with an unclean spirit before Jesus for healing? “I believe; help my unbelief!” (Mark 9:24 ESV)
Invite the Lord to intervene and give you peace in the midst of your trial. Ask Him for wisdom to make the right decisions and the words to talk winsomely with your family.
If your pain is from debt, stop all borrowing. Are you in need of a raise? Improve your skills, meet with your boss, and ask for feedback on how to qualify for an increase. Have you mishandled money in the past? Get on a crisis budget, and ask all family members to help.
Crown has many free online courses available to guide you, like budgeting tools and career assessments. Also, if debt is a problem, Christian Credit Counselors is a trusted source of help.
This article was originally published on The Christian Post on December 10, 2021.
Dear Chuck,
What’s up with the labor market? I have never seen so many postings for job openings or so many people who aren’t working. Many don’t even appear to be concerned about finding a job. Are people just living off the government now? How long can this continue?
Working but Worried
Dear Working but Worried,
Like you, I have never seen such a strange situation in the labor markets in the United States. On a number of occasions, I have gone out to eat at restaurants that only had enough staff to open half their dining room. Other times, I have not been able to find anyone to help me at a large retail store. They barely had enough staff to provide check-out services. Hotels are struggling to find maids. Truck drivers are in short supply. Something is changing since the pandemic started! However, it would be over simplifying the problem to lay all the blame on the government.
Let’s take a closer look as I seek to analyze what is really happening and to answer your question.
Record Numbers Leaving the Workforce
The Labor Department recently reported that more than 4.4 million people quit their jobs in September—the most ever for a single month. 4.3 million quit in August. Federal Reserve Chair Jerome Powell, in a news conference last month, said there are 5 million fewer people in the workplace than before the pandemic. Clearly, there is turmoil in the job market.
Why Is This Happening?
Labor economist Lawrence Katz, in an interview at the Harvard Gazette, says that some are quitting to go to a better opportunity, while some are quitting with a “take this job and shove it” mentality.
Ian Cook, at the Harvard Business Review, cites results of an in-depth analysis of the situation in Who is Driving the Great Resignation?
Some blame the government. There is a long list of policies that some believe contribute to the loss of workers:
Wealth, Burnout, Shifting Family Priorities
The pandemic came on the heels of a long stock market expansion. 4% left their jobs because of money made in crypto investments. Housing prices soared, and people refinanced at lower rates. This provided cash or lower payments. During the lockdowns, spending decreased, savings increased, and debt was paid down. This created financial margin for many workers to quit without having another job lined up. Older workers took early retirement. Mothers who quit relied on working spouses, collected unemployment, or freelanced.
Now, many people are reluctant to return to work. The Federal Reserve Bank of Dallas says 31% hesitate returning to previous jobs. Millions of women are “caring for relatives, searching for affordable child care, reassessing their careers or shifting their work-life priorities.” Their children’s lives have been disrupted, and they feel more needed at home than at work.
The Associated Press addressed the issue last month. The number of employed mothers with children 13 or younger is lower than pre-pandemic levels, per Nick Bunker, director of economic research at Indeed. A report titled “Women in the Workplace” by consulting firm McKinsey and Co. says, “Women are even more burned out now than they were a year ago, and the gap in burnout between women and men has nearly doubled.” In addition, some claim racism or under-recognized, underpaid work compared to male colleagues.
Will It Continue?
Employers need workers and are raising wages to attract them. In addition to higher pay, workers want flexible work arrangements and job security.
Stephen Moore believes that we are witnessing the end of four decades of labor peace in America. He predicts an increase in labor strikes. He also foresees a troubling cycle: “Inflation means higher prices at the stores, which means workers want higher pay, which means companies have higher costs, which means the firms have to raise their prices further. And the process repeats. Six percent inflation could snowball into 8% to 10% inflation by the end of the year.”
Goldman Sachs believes that up to 60% of those leaving the workforce have retired and will not be coming back. While I cannot predict the future, I expect the trend will be with us in the short term until new efforts to attract workers start to kick in.
Work, Pray, Prepare
Regardless, for those like you and millions of other Christians who continue to work, we can do so knowing that work was created by God for our good. When done as an offering to God, work becomes worship. And we can be thankful for the opportunity we have to bring Him glory.
“Whatever you do, work heartily, as for the Lord and not for men, knowing that from the Lord you will receive the inheritance as your reward. You are serving the Lord Christ.” (Colossians 3:23-24)
It is a good reminder to pray. Pray for our nation’s leaders, for our economic policies, for those who want better jobs, and for employers struggling to fill positions. Pray for those in our families, churches, and communities who need jobs.
Let us know how we can help. Crown has many free tools and resources for the employed or unemployed, including a Budget Coaching program and a career assessment tool.
Dear Chuck,
Money is tight for Christmas this year. Any tips for shopping Black Friday and Cyber Monday sales?
Looking for Deals
Dear Looking for Deals,
You can search for articles pointing you to the “best deals” on Black Friday or Cyber Monday, but be aware that many of those articles are really just sponsored advertising made to look like neutral journalism.
My biggest tip is: don’t let Black Friday create a Red New Year! That is, avoid going into debt.
Retailers are highly dependent on holiday sales. Black Friday supposedly got its name because it was the day many went from being “in the red” to “in the black.” It is the day when profits finally appeared on the books.
This has been a very difficult year for many retailers. They desperately need sales. Potential lockdowns have motivated customers to buy gifts early to avoid disruptions in physical shopping or online shipping.
BlackFriday.com predicts, “a strong uptick in retail spending during Black Friday week compared to the rest of 2020 – but not compared to recent Black Fridays…if shoppers are out looking for deals, we predict they are more likely to comb for specific needed items (a new fridge, a new laptop, a new phone) rather than shop indiscriminately for less-necessary items, such as clothing, beauty products, and gadgets.”
Due to Covid concerns or restrictions, many retailers are anticipating a very large Cyber Monday, the day when online retailers offer steep discounts on certain items. But, don’t assume you are getting a good deal just because it is marked down online. Be sure to factor in shipping costs and do your research on any significant purchases.
A Few Shopping Tips
It’s easy to spend money you don’t currently have to buy gifts, or just to be done with the chaos of Christmas shopping. But taking the easy route now will prove to be far more stressful for you come January when your credit card bills arrive. That’s why it is important to take some time to determine how much you can really afford.
Don’t presume future income will cover your credit card bills. We don’t know what the future holds. 2020 has proven that!
Here are five simple tips:
A Change of Perspective
Walmart, Target, Best Buy, Kohl’s, and others are closed this Thanksgiving. Some see this as a negative. I see it as a gift for those employees to rest and enjoy time off, if possible, with friends and family.
Contrary to what the world says, money is not required to express love. You can plan fun activities and gifts that don’t cost a lot. A debt-free Christmas is a gift for yourself and one that ultimately impacts your family!
We know from the past how crazy Black Friday can get. So, let’s put things in perspective.
Just because something is on sale does not mean you need it or that it won’t be there in January. It’s important to exercise self-control and patience by avoiding the use of credit cards when you don’t have the option to pay with cash. I use credit cards but I pay them off every month. If you can’t, don’t use them. The cost of interest on top of the purchase price puts many in financial bondage. If credit card debt is already part of your holiday overwhelm, I recommend contacting Christian Credit Counselors. Crown is privileged to partner with CCC to help free individuals and families from the burden of credit card debt.
Don’t justify spending more than you can afford. Pray for self-control because it is easy to succumb to the bombardment of advertising. Satan can subtly convince us that we need “things” to be happy, accepted, or content, or that our children need the latest and greatest gadget.
The prophet Haggai was sent to bring an important message to the people of Judah. He said: “The silver is mine, and the gold is mine, declares the Lord of hosts.” God is the Owner of all things and appoints believers to be managers of what He provides.
Knowing that, let’s use the holiday shopping season as a time to steward our money
Don’t let Black Friday give you a Red New Year!
This article was originally published on The Christian Post on November 27, 2020.
Dear Chuck,
My company is encouraging us to participate in Giving Tuesday. How can I give more if I’m on a limited budget?
Cheerful Giver
Dear Cheerful Giver,
It is nice to answer a question about giving, especially today, when so many have begun the shopping and spending frenzy that has come to be referred to as Black Friday—the day retailers traditionally become profitable. Cyber Monday comes next, which is the day online retailers typically offer deals and discounts to launch the holiday season. In 2012, a grassroots movement to promote more generous giving was launched, called Giving Tuesday, that seeks to counterbalance the heavy emphasis on spending during the holidays.
Biblical Giving
While I appreciate the efforts made to promote generosity on Giving Tuesday, God’s Word has instructed us to be prepared to be generous on all occasions and to do so cheerfully.
Larry Burkett, the founder of Crown, sincerely believed that giving was how God allows us to share in His work. I grew up knowing that God loves a cheerful giver from 2 Corinthians 9:7, but I did not experience the joy until I developed the habit. Once I acknowledged the Lordship of Christ and followed Him out of love and gratitude, I discovered that my desire to give has increased. Paul told Timothy that giving is an act of storing up treasure for the future that awaits us. (1 Timothy 6:18-19)
While it can be a good witness to participate in your company’s efforts on Giving Tuesday, it is important to know where the giving will be directed. For Christians, not all generosity is equal. We should commit our acts of generosity to those efforts, causes, and missions which are consistent with God’s Word.
Giving on a Budget
Giving is a matter of the heart. It does not require a lot of money. Simply ask God for opportunities, and be attentive. In fact, the size of the gift is not as important as the motive and the size of the sacrifice. Our Lord commended the widow for giving her two mites. She trusted God with all that she had. (Luke 21:1-4) The Macedonians gave out of their “extreme poverty” for the joy of advancing the spread of the gospel.
Also, generosity can come in many forms. When a friend’s husband died after years of being bedridden, several neighborhood women gathered to help her clean and clear out her home. It was a sacrificial gift that blessed the widow and all who worked. They saw an opportunity, had the availability, and chose to act. They seized the moment. You can, too. Consider these ideas:
Giving Is Worship
“Honor the Lord with your wealth and with the firstfruits of all your produce; then your barns will be filled with plenty, and your vats will be bursting with wine.” (Proverbs 3:9-10)
Read David’s prayer in 1 Chronicles 29:10-13. Read about the woman who anointed Jesus at Bethany in Matthew 26:6-13.
Author Randy Alcorn says, “Gaze upon Christ long enough, and you’ll become more of a giver. Give long enough, and you’ll become more like Christ.” I love that perspective. We are to give what we can without worrying about how much others give. Sometimes, He trusts us with more to test our hearts. It has been said that God often provides an increase in our income so we can increase our standard of giving, not our standard of living.
Giving Is Transformational
“As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God, who richly provides us with everything to enjoy. They are to do good, to be rich in good works, to be generous and ready to share, thus storing up treasure for themselves as a good foundation for the future, so that they may take hold of that which is truly life.” (1 Timothy 6:17-19)
Over the years, I have heard many inspiring testimonies from cheerful givers. I think about the unexpected check, the money found in a drawer, a bonus, or a raise that helped a giver in his/her time of need. How about appliances or vehicles that keep running without need of repairs or replacement? God can do anything, but we miss the blessing if we fail to acknowledge His hand in it all! Givers often see Him do more than we can dream or imagine, even on a limited budget!
Giving Is a Test
“Bring the full tithe into the storehouse, that there may be food in my house. And thereby put me to the test, says the Lord of hosts, if I will not open the windows of heaven for you and pour down for you a blessing until there is no more need.” (Malachi 3:10)
Grow as the Lord’s Giver
Regardless of your decision to participate with your company on Giving Tuesday, I hope you are inspired to be a year-round giver. Crown has many great resources to help you experience true freedom that enables you to grow as a cheerful giver. Also, the National Christian Foundation is a community of givers that annually recommends grants at twice the rate of other major donor-advised fund providers. Their library of books, podcasts, videos, articles, and studies are inspiring and motivating.
This article was originally published on The Christian Post on November 26, 2021
Dear Chuck,
My elderly parents get scam phone calls, emails, and texts constantly. I worry they are going to fall for one of these since both are kind hearted and trusting. I know they are vulnerable. How do I help them?
Worried about Scams
Dear Worried about Scams,
The Lord detests lying lips (Proverbs 12:22), and so do I! Often, when I am speaking with my 88-year-old Dad on his mobile phone, his landline phone (remember those?) rings in the background. I ask him if he needs to answer it, and usually he says, “No, probably just another scam.” While I am glad to hear him acknowledge that he is aware that he is a target, I wonder if he will always be able to keep up his defense.
The sad reality is that we are all vulnerable to being ripped off, especially during the peak spending season. Billions of dollars are lost in holiday scams every year! Here are some ways to help your parents and yourself identify some common scams and defend against being ripped off.
Elder Scams
The FBI lists the most common types or categories of schemes to defraud elders: Romance, Tech support, Grandchild needs money, Government impersonation, Sweepstakes/charity/lottery, Home repair, Family/caregiver, Reverse mortgages. This does not include recent COVID-19 scams or early payment of government stimulus checks!
See the FBI’s information regarding common scams.
Online Shopping Scams
Earlier this month, Trend Micro warned shoppers to beware of holiday online shopping scams. These involve fake shops, phishing, E-skimming, and pop-up ads.
Red Flags
Safety Tips
Travel Scams
The Better Business Bureau (BBB) receives a large number of travel scam reports around the holidays. These are the top five most reported:
The BBB recommends the following guidelines:
Scams Targeting Apple Owners
Apple ID Phishing Scams involve hackers who aim to get Apple IDs and passwords. iPhone users need them to access services for the App Store, Apple Music, iCloud, iMessage, and FaceTime. Common scams ask you to click on a link or call a number for some important-sounding reason. Often, victims react and fail to think logically. An Apple virus warning is one such example. Beware of the following:
In addition:
Unfortunately, there are endless ways that deceivers can come up with to take advantage of others through fraud. Pray with and for your parents about this concern. Consider sharing this article with them, and discuss areas they need to be more guarded. Ask the Lord for His wisdom and discernment as you seek to help them.
It is the season for giving thanks. Thank you to my wife, Ann, for her careful research, writing, and insights that help me form and improve this article each week. Also, thank you to Elissa, Stephanie, and Melinda for their help with editing and production. Thank you to the Christian Post for publishing this column. And thank you to those who read and share it. I hope you actively and sincerely count your blessings for all that the Lord has given you that money cannot buy.
In this peak spending season, I caution you to be careful with credit card debt, and if you need help reducing it, please consider contacting Christian Credit Counselors. They are a trusted source of help.
This article was originally published on The Christian Post on November 19, 2021.
Dear Chuck,
We’re celebrating Thanksgiving at our house with friends and family this year. I want it to be extra special. However, the cost for groceries and things I need to host a fairly large group is more than I anticipated. How do I get around this crazy inflation?
Inflation Shock
Dear Inflation Shock,
I certainly understand your desire to make Thanksgiving special. When our family gathers this year, we will have a full house! Some will be sleeping on blow-up mattresses and couches. Hopefully, the weather will cooperate so we can hike and play outside; either way, we will stay up late playing board games, laughing, singing, and eating more than we need. I just hope the grandchildren don’t ask me to set up the tent and sleep outside!
Neither you nor I can change the fact that inflation is going to be a challenge this year; but I can offer my tips and ideas to help you with the shock of the expense of the holiday season.
Investing in Experiences Is Priceless
Gathering friends and family in today’s world is a challenge. We desire to express our love, give thanks, and encourage one another. Multiple research studies confirm that experiences have a more lasting impact on the receiver than tangible items, and remembering this helps me overcome the high cost of hosting. In other words, what you do together on a great holiday will be far more memorable and impactful than what you spend on things.
Avoid Comparison
Avoid letting the world tell you how the holiday celebration needs to be done. If you compare yourself to celebrity hosts and hostesses, you will respond emotionally—either with pride or discouragement. Both are hazardous to your spiritual, emotional, and financial health.
How to Avoid Overspending
Do not allow the expectations of others to motivate your financial decisions. The Apostle Paul said, “For am I now seeking the approval of man, or of God? Or am I trying to please man? If I were still trying to please man, I would not be a servant of Christ.” (Galatians 1:10 ESV)
Recognize that companies market to the emotions of shoppers. Social media affects us, too. Using money to impress others will not work long-term. It actually does the opposite. Overspending creates more stress than making sacrifices to stay within your budget. “Be not conformed to this world, but be transformed by the renewal of your mind.” (Romans 12:2a ESV)
Ask yourself these questions to stay on budget during the holidays:
Practice Gratefulness
The Apostle Paul instructed the Colossians to give thanks three times in just three verses! (emphasis mine)
“And let the peace of Christ rule in your hearts, to which indeed you were called in one body. And be thankful. Let the word of Christ dwell in you richly, teaching and admonishing one another in all wisdom, singing psalms and hymns and spiritual songs, with thankfulness in your hearts to God. And whatever you do, in word or deed, do everything in the name of the Lord Jesus, giving thanks to God the Father through him.” (Colossians 3:15-17 ESV)
Gratitude is vital to our health. Take time to read Ephesians 1. Make a list of all that God has given you in these verses, and review it daily with thanksgiving until your guests arrive. It will keep you eternally focused.
Prepare for More Inflation
A lifestyle of consistently spending less than you earn will accelerate financial wellbeing. It grants stability and allows you to focus on true priorities. Making short-term sacrifices now will enable you to achieve long-term goals. Your stress will lessen as you gain margin, and you will be more grateful for all that God provides.
Life is short, so enjoy the holiday season filled with the peace of God. “… do not be anxious about anything, but in everything by prayer and supplication with thanksgiving let your requests be made known to God. And the peace of God, which surpasses all understanding, will guard your hearts and your minds in Christ Jesus.” (Philippians 4:6-7 ESV)
Crown was awarded the Shining Light Award by Ministry Watch in 2020 for its global impact of multiplying faithful stewards. Crown.org has several courses that you may find of value in helping you prepare financially for our current economic challenges and for the future.
This article was originally published on The Christian Post on November 12, 2021
Dear Chuck,
If I do not get the Covid vaccine, I could lose my job with a federal contractor. If I get it, I go against my conscience and the liberty I have to protect my family’s health, a fundamental right of Americans. I am not anti-vax, but I hate coercion. My wife and I are bracing for the financial consequences, but we want your advice.
Standing Against the Mandatory Vax
Dear Standing Against the Mandatory Vax,
I am sorry that you and your family have been placed in such a hard position. This is not a spat with a strongly opinionated believer in the hallways of the church; unlike others with an opinion on the issue, you are faced with a possible job loss.
Evaluate Some of Your Options
Companies are required to make “reasonable accommodations” if an employee objects to receiving a vaccine for valid reasons. Such accommodations could include allowing the employee to work remotely or take a leave of absence. The employee could also show a negative COVID-19 test once a week, per the president’s mandate. Ask to work remotely, or agree to get tested weekly. It would appear to me that if you are denied those options, then the law would be in your favor should you get wrongfully terminated.
Religious Exemption?
Seek wise counsel before crafting this defense. My understanding is that this route is unlikely to be successful without a history of taking this position with other vaccines.
David Schrock argues this posture from a unique angle: “…we have seen an unending array of executive orders and economic decisions that have further tied the citizens to the state (think: government bailouts) and forced the state on the citizens (think: all the policies of the CDC). Topping the list of government intrusions is the vaccine mandate. And because this mandate has come with all the trappings of a religion, we now have a state that is forcing its religion on its citizens,” (emphasis mine). In other words, argue for separation of religion and state.
Appeal to Your Superiors
One of my friends used a very strong appeal to a high ranking superior in the company. While not claiming a religious exemption, he believes that Americans should not be coerced into making a choice about their own health. Quoting from the Nuremberg Trials of 1947, he noted:
“Coercion into medical treatment violates the direct purpose of the “Nuremberg Code”
which was developed after World War 2 in order to set a series of medical principles and regulations. It states (emphasis mine):
“The voluntary consent of the human subject is absolutely essential. This means that the person involved should have legal capacity to give consent; should be so situated as to be able to exercise free power of choice, without the intervention of any element of force, fraud, deceit, duress, overreaching, or other ulterior form of constraint or coercion; and should have sufficient knowledge and comprehension of the elements of the subject matter involved as to enable him to make an understanding and enlightened decision.”
He is yet to hear the outcome of this appeal.
Facing the Consequences
The financial implications for your choice are potentially numerous. My understanding is that termination would be based on failure to comply with company policy and would, therefore, cause ineligibility for unemployment benefits. You will also face the stress of finding another job, the cost of regular testing, the possibility of higher healthcare costs, the chance of having to relocate, and more.
It is admirable that you and your family are willing to face the loss of your job based upon your convictions. Millions of Americans in a wide diversity of sectors are doing the same thing. Some companies are backing off of stringent compliance expectations.
Be Proactive
Set aside your fear, and place your full confidence in God.
“…fear not, for I am with you; be not dismayed, for I am your God; I will strengthen you, I will help you, I will uphold you with my righteous right hand.” (Isaiah 41:10 ESV)
“God is our refuge and strength, a very present help in trouble….Be still, and know that I am God. I will be exalted among the nations, I will be exalted in the earth!” (Psalm 46:1,10 ESV)
Begin planning now for the possibility of a job change. Consider ways to supplement your income should the day come when you need to seek other employment. Possibly, your company or another can hire you on as an independent consultant. Use your network wisely by letting others know you are open to a job or career change. Networking for an inside connection is the best use of your time. Be specific on the type of opportunity you would consider. Activate your prayer partners.
God’s promises are most relevant in a time when we experience great need and come to fully and sincerely rely upon Him. Should you face termination, you will not be separated from God’s faithfulness. He will guide you through the storm and take care of you and your family. He also promises to work this all out for your good. The final outcome is yet to be determined. May God grant you peace as you trust Him with the consequences, whatever they may be.
Now is also a good time to address any problems you may have with personal debt. For more guidance, especially if your debt is related to credit cards, please consider contacting Christian Credit Counselors. They are a trusted source of help.
Dear Chuck,
I’ll soon be getting a raise in my social security benefits. Do you think it will really make any difference?
Worried Senior
Dear Worried Senior,
Although it may be new to you, getting an increase in retirement benefits is actually not new.
The Social Security Administration has been giving cost of living adjustments (COLA) since 1975. You are likely referring to the news that in 2022, recipients will receive a 5.9% COLA. It represents the largest increase in 40 years.
To properly answer your question as to whether this will really make any difference, I have to make a few assumptions: a) that you are asking about your personal financial benefits and b) that you are largely dependent upon this program for the majority of your retirement income. Social Security payments represent 90% of the income of one fourth of older Americans. I will also assume that you receive the maximum benefit available.
Experts believe that this increase is simply a means to attempt to keep up with inflation. This is government confirmation that inflation, though repeatedly called “transitory,” has indeed entered a new phase. My answer, therefore, is that this increase of approximately $197/month is not going to make any meaningful difference to your financial picture. However, if I assume you are asking about the difference it will make to our nation, that is a totally different answer. Let’s take a closer look.
Other Modifications to Expect
Be aware of other changes in 2022:
Taxable Income?
As the Motley Fool recently reported, taxes on SS income vary based on “provisional income,” which is the sum of non-SS income plus 50% of annual SS benefits.
Impact on singles with provisional income:
Impact on married couples with provisional income:
More Inflation?
Tyler Durden asks: “What will happen to prices of goods and services as a result of that government-funded increase in benefits?” What are all the statistics signaling? Janet Yellen does not see high inflation easing until mid-2022, but others predict hyperinflation. David Blanchflower, of Dartmouth, and Alex Bryson, of University College London, believe that America has already entered a recession that could equal the 2008 financial meltdown.
Social Security Is Not So Secure
Newsmax reported on the significant cost to taxpayers this increase will represent not only in 2022 but for years to come. SS is the largest item in the federal budget, amounting to $1.35 trillion this fiscal year.
Could the SS Trust Fund run out of money? In the same Newsmax article, Maya MacGuineas, president of the bipartisan Committee for a Responsible Federal Budget, says possibly—perhaps as soon as 2032. “The trajectory for Social Security was already an incredibly troubling one….Spending is going to be higher, not just this year, but all years going forward.” She notes that there are a lot of challenges and that Congress is doing nothing to reform or strengthen the program.
In some nations, retirement money is held in a private account as the taxpayer makes required contributions. Essentially in the United States, it is an obligation to pay (debt) based upon future contributions from other taxpayers. So, not only is keeping up with inflation a challenge, but funding the program could become a future challenge as well.
Trust and Obey
C.H. Spurgeon said, “The sovereignty of God is the pillow upon which the Christian rests his head.” God is worthy of our complete trust while we wisely manage what He provides.
“He who dwells in the shelter of the Most High will abide in the shadow of the Almighty.
I will say to the Lord, “My refuge and my fortress, my God, in whom I trust.” (Psalm 91:1-2 ESV)“God is our refuge and strength, a very present help in trouble…‘Be still, and know that I am God. I will be exalted among the nations, I will be exalted in the earth!’ The Lord of hosts is with us; the God of Jacob is our fortress.” (Psalm 46:1,10-11 ESV)
In these days of uncertainty, continue giving, saving, and investing, while limiting spending. You should have an account that you can easily access in the event of a true emergency. Set aside enough money to cover 3-6 months of overhead. A crisis budget can help you prepare for higher costs brought on by inflation and can protect what you have set aside for retirement. If you have yet to retire, it is wise to get out of debt now and create more sources of future income.
In my book, Seven Gray Swans, Trends that Threaten our Financial Future, I write about the challenges we are facing that are happening before our very eyes. I hope to help you prepare for and survive these events. You can order a printed copy of the book at Crown.org.
This article originally published on The Christian Post on October 29, 2021.
Dear Chuck,
I recently read that there is a growing number of Americans in favor of Universal Basic Income (UBI). What does the Bible say about that?
Not a Fan of UBI
Dear Not a Fan of UBI,
I saw a recent poll on this, too. It caused me to raise my eyebrows; so I did some homework.
Newsmax.com recently reported results from an online Skynova poll. Of the 1,023 responders, 485 were Democrat, 270 Republican, and 268 Other. In their survey, 67% of respondents support the idea of guaranteed monthly income, 20% oppose, and 12% are indifferent.
I do not believe everything I read. We must consider the source, consider the audience, and consider why it might have been written. In these times, godly wisdom and discernment are absolutely necessary.
In August 2020, Pew Research reported that a narrow majority of U.S. adults opposed UBI. Their online survey included 11,001 U.S. adults and found wide age, race, and income differences in views. Both of these studies reveal that younger adults and those with lower incomes support UBI.
UBI Pros and Cons
Universal Basic Income (UBI), as defined by its most ardent supporters, is “a regular income paid to everyone without any conditions. Everyone would automatically receive a regular income paid into their bank accounts.” Proponents of the plan believe it helps resolve inequalities; eliminates humiliating welfare programs, economic crises, and austerity; and aids people who prefer to use their creativity in other ways than traditional employment.
A Harvard Political Review notes that UBI experiments have been positive in India and Kenya by helping those suffering extreme poverty—providing food, water, and shelter. However, testing conducted in Canada and Finland was shut down because the cost was too great. So, the author suggests an alternative income or overhaul of the welfare system.
Money Crashers created a list of the pros and cons of UBI:
Pros
Cons
Jim Huntzinger, at the Affluent Christian Investor, writes that according to data, income inequality has not changed over the past 100 years. There are three key wealth indicators: productivity improvement, income mobility, and personal well-being. Productivity has improved dramatically. He quotes economist Tyler Cowen of George Mason University: “While income inequality is rising, inequality of personal well-being is dropping.” Huntzinger points to research showing that personal well-being in the lower level income brackets has improved, and he believes the situation is not as grim as we are led to believe. Studies show that productivity and economic growth are the keys to improved well-being.
UBI and the Bible
Much of the support for UBI is driven by a dystopian view coming from those who believe (or propose in order to create fear) that artificial intelligence, robotics, and other disruptive technologies will cause massive job loss and economic chaos if there isn’t a plan to keep unnecessary people happy when they don’t have a job. I disagree. For every technological advancement, there is an offsetting demand for new education, new job skills, and new problems to be solved by entrepreneurs. Man is not simply a consumer who needs to be appeased while out of work.
God made man to work—to be a creative, capable producer who can add value to any enterprise.
In exchange for that work, his needs will be supplied. This gives meaning to life and deep satisfaction for earned achievement. UBI removes both of those benefits.
“Those who work their land will have abundant food, but those who chase fantasies will have their fill of poverty.” (Proverbs 28:19 NIV)
“In the name of the Lord Jesus Christ, we command you, brothers and sisters, to keep away from every believer who is idle and disruptive and does not live according to the teaching you received from us…Such people we command and urge in the Lord Jesus Christ to settle down and earn the food they eat. And as for you, brothers and sisters, never tire of doing what is good.” (2 Thessalonians 3:6,12 NIV)
I have written more about UBI in my book, Seven Gray Swans, Trends that Threaten Our Financial Future. Sending people money empowers the government to have greater control over their lives and is fraught with the potential for corruption. Remember how we learned of fraud upon fraud related to the Payroll Protection Plan in 2020.
I prefer to derive my income from work and to give private charitable support to those who cannot. This is the way God designed us to flourish; otherwise, He would not have put man in a garden to work and manage it but simply to eat from it.
Thank you for your question. If you want to read more about UBI and other current financial trends, you can order an ebook version of Seven Gray Swans at Amazon.com or a print version at Crown.org.
This article originally published on The Christian Post on October 22, 2021.
