Financial Habits among the Faithful

Student Author(s)

Karl Heusinkveld

Faculty Mentor(s)

Dr. Sarah Estelle, Economics

Document Type


Event Date



This project examines how relative religiosity affects pecuniary conduct by examining how highly-religious individuals save income in comparison to the less religious. Humility and non-material satisfaction are often fundamental practices in the religious lifestyle, therefore consumption may be less among the religious. I examine where the savings difference is directed, and if savings accounts are larger among the religious due to decreased consumption. I find that while in most measures religious and non-religious individuals do not differ in their savings behavior, those religious in their youth are more likely to invest into homeownership.

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