Our church has just started a mission initiative towards the homeless. There is an ever present need for this but, I was just thinking, with the ways things are going we might be seeing even more people in debt who could end up on the streets in the near future.
Perhaps it is time for Christians to start seriously praying for the economy? What do you think?
See also Credit Crunches by Cross Rhythms' Mal Fletcher.
UPDATE: There is a fascinating money programme article which is linked to an episode this BBC series screened in November. Property: The End of the Affair basically argued that renting could be a lot more prudent than buying. Many first time buyers today can’t get a mortgage and feel they are missing out while others are desperate to hold onto their property ownership. Yet economically it could make a lot more sense for people in the UK to rent, as is the norm in many other countries, rather than buy – especially in the current financial climate. They argued that buying property could be just as risky as borrowing money to buy shares – which as we all know may keep falling.