The correlation between wealth and religion has been subject to academic research.

Wealth Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an I ...

is the status of being the beneficiary or proprietor of a large accumulation of capital and economic power.

Religion Religion is usually defined as a social- cultural system of designated behaviors and practices, morals, beliefs, worldviews, texts, sanctified places, prophecies, ethics, or organizations, that generally relates humanity to supernatural, ...

is a

cultural system A cultural system is the interaction of different elements in culture. While a cultural system is very different from a social system, sometimes both systems together are referred to as the sociocultural system. Social theory A major concern i ...

that often involves belief in supernatural forces and may intend to provide a moral system or a meaning of life. Jews typically rank as the highest income groups in the United States, with Hindus and Episcopalians behind them.

Statistics

Global

According to a study from 2015,

Christians Christians () are people who follow or adhere to Christianity, a monotheistic Abrahamic religion based on the life and teachings of Jesus Christ. The words '' Christ'' and ''Christian'' derive from the Koine Greek title ''Christós'' (Χρ ...

hold the largest amount of wealth (55% of the total world wealth), followed by

Muslims Muslims ( ar, المسلمون, , ) are people who adhere to Islam, a monotheistic religion belonging to the Abrahamic tradition. They consider the Quran, the foundational religious text of Islam, to be the verbatim word of the God of Abrah ...

(5.8%),

Hindus Hindus (; ) are people who religiously adhere to Hinduism. Jeffery D. Long (2007), A Vision for Hinduism, IB Tauris, , pages 35–37 Historically, the term has also been used as a geographical, cultural, and later religious identifier for ...

(3.3%), and

Jews Jews ( he, יְהוּדִים, , ) or Jewish people are an ethnoreligious group and nation originating from the Israelites Israelite origins and kingdom: "The first act in the long drama of Jewish history is the age of the Israelites""The ...

(1.1%). According to the same study it was found that adherents under the classification "

Irreligion Irreligion or nonreligion is the absence or rejection of religion, or indifference to it. Irreligion takes many forms, ranging from the casual and unaware to full-fledged philosophies such as atheism and agnosticism, secular humanism and ...

", or other religions, hold about 34.8% of the total global wealth. A study done by the nonpartisan wealth research firm New World Wealth found that 56.2% of the 13.1 million millionaires in the world were Christians, while 6.5% were Muslims, 3.9% were Hindu, and 1.7% were Jewish; 31.7% were identified as adherents of "other" religions or "not religious".

United States

Income Ranking by Religious Group - 2000

A study in the

United States The United States of America (U.S.A. or USA), commonly known as the United States (U.S. or US) or America, is a country primarily located in North America. It consists of 50 states, a federal district, five major unincorporated territori ...

(based on data from 1985 to 1998), conducted by the sociologist Lisa A. Keister and published in the ''

Social Forces ''Social Forces'' (formerly ''The Journal of Social Forces'') is a quarterly peer-reviewed academic journal of social science published by Oxford University Press for the Department of Sociology at the University of North Carolina at Chapel Hill. ...

'' journal, found that adherents of

Judaism Judaism ( he, ''Yahăḏūṯ'') is an Abrahamic, monotheistic, and ethnic religion comprising the collective religious, cultural, and legal tradition and civilization of the Jewish people. It has its roots as an organized religion in t ...

and Episcopalianism accumulated the most wealth, believers in

Catholicism The Catholic Church, also known as the Roman Catholic Church, is the largest Christian church, with 1.3 billion baptized Catholics worldwide . It is among the world's oldest and largest international institutions, and has played a ...

and mainline Protestants were in the middle, while conservative Protestants accumulated the least; in general, people who attend religious services accumulated more wealth than those who do not (taking into account variations of education and other factors). Keister suggested that wealth accumulation is shaped by

family Family (from la, familia) is a group of people related either by consanguinity (by recognized birth) or affinity (by marriage or other relationship). The purpose of the family is to maintain the well-being of its members and of society. Idea ...

processes. According to the study, the median net worth of people believing in

is calculated at 150,890

USD The United States dollar (symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official ...

, while the median net worth of conservative Protestants (including Baptists, Jehovah's Witnesses,

Seventh-day Adventists The Seventh-day Adventist Church is an Adventist Protestant Christian denomination which is distinguished by its observance of Saturday, the seventh day of the week in the Christian (Gregorian) and the Hebrew calendar, as the Sabbath, and i ...

Christian Scientists Christians () are people who follow or adhere to Christianity, a monotheistic Abrahamic religion based on the life and teachings of Jesus Christ. The words ''Christ'' and ''Christian'' derive from the Koine Greek title ''Christós'' (Χρισ ...

) was US$26,200. The overall median in the dataset was US$48,200. Some of the wealthiest and most affluent American families such as the

Vanderbilts The Vanderbilt family is an American family who gained prominence during the Gilded Age. Their success began with the shipping and railroad empires of Cornelius Vanderbilt, and the family expanded into various other areas of industry and philanthr ...

, Astors,

Rockefellers The Rockefeller family () is an American industrial, political, and banking family that owns one of the world's largest fortunes. The fortune was made in the American petroleum industry during the late 19th and early 20th centuries by brot ...

, Du Ponts,

Roosevelts The Roosevelt family is an American political family from New York whose members have included two United States presidents, a First Lady of the United States, First Lady, and various merchants, bankers, politicians, inventors, clergymen, arti ...

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

, Fords, Mellons, Whitneys, Morgans, and Harrimans are white primarily mainline Protestant families. Another study in the United States, from 2012, stated that 48% of

Hindu Hindus (; ) are people who religiously adhere to Hinduism. Jeffery D. Long (2007), A Vision for Hinduism, IB Tauris, , pages 35–37 Historically, the term has also been used as a geographical, cultural, and later religious identifier for ...

s had a

household income Household income is a measure of the combined incomes of all people sharing a particular household or place of residence. It includes every form of income, e.g., salaries and wages, retirement income, near cash government transfers like food stamp ...

of $100,000 or more, and 70% make at least $75,000, which is the highest among all religions in United States. According to a 2014 study by the Pew Research Center, Jewish again ranked as the most financially successful religious group in the United States, with 44% of Jews living in households with incomes of at least $100,000, followed by

(36%),

Episcopalians Anglicanism is a Western Christian tradition that has developed from the practices, liturgy, and identity of the Church of England following the English Reformation, in the context of the Protestant Reformation in Europe. It is one of th ...

(35%), and Presbyterians (32%). Amongst Jews, in 2016,

Modern Orthodox Jews Modern Orthodox Judaism (also Modern Orthodox or Modern Orthodoxy) is a movement within Orthodox Judaism that attempts to synthesize Jewish values and the observance of Jewish law with the secular, modern world. Modern Orthodoxy draws on seve ...

had a median household income of $158,000, while

Open Orthodoxy Open Orthodoxy is a Jewish religious movement with increased emphasis on intellectual openness and a more expansive role for women. The term was coined in 1997 by Avi Weiss, who views ''halakha'' (Jewish law) as permitting more flexibility than ...

Jews had a median household income of $185,000 (compared to the American median household income of $59,000 in 2016). According to the same study there is correlation between education and income, about 77% of American Hindus have an

undergraduate Undergraduate education is education conducted after secondary education and before postgraduate education. It typically includes all postsecondary programs up to the level of a bachelor's degree. For example, in the United States, an entry-le ...

degree and according to a study in 2020, they are earning highest with $137,000, followed by Jews (59%),

(56%), and Presbyterians (47%).

Explanations

A study published in the '' American Journal of Sociology'' by Lisa Keister, found that "wealth affects religion indirectly through educational attainment, fertility, and female labor force participation" but also found some evidence of direct effects of religion on wealth attainment. Keister notes that certain religious beliefs ("one should have many children", "women should not work") lower wealth accumulation, both on the micro- and macro-scale.

References

Footnotes

Bibliography

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