Posted by:
Rubicon
(
)
Date: January 05, 2024 03:19PM
The LDS church always had debt problems. Even with cash tithing it was in the red $40 million in 1959. Construction on the church office building was even delayed to save money. The cold hard reality was the church needed to be ran like a business to afford the infrastructure its doctrine demanded.
The church put more focus on acquiring cash generating assets and it’s done especially well in commercial real estate and agriculture.
We now live in the age where the church has more money than it knows what to do with but it’s growth numbers are stagnant and it’s paranoia about losing its control in Utah is growing. The church is hoping to increase its membership amongst the growing Hispanic population in Utah. Some get wet but don’t attend church meetings because they are busy working to send money home.
The honest truth is less people want the church. The only other scheme I can see the church doing is offering a BYU education cheap to young active church members. This essentially is buying church membership.
The church builds lots of temples because it can. It’s a build it and they will come mentality. I think all these temples will become a maintenance liability and an embarassment. Only a small percentage of very devout members like the temple. I’m finding the average member hates the temple experience.