Weakening Dollar Hurts Missionaries

The weakening U.S. dollar is having a profound effect on missionaries scattered all over the world. It makes bread, milk, and rent more expensive in the local currency thus increasing the cost of living. This is a worldwide problem for missionaries. According to the U.S. Center for World Mission, many missionaries are finding their dollars worth 8 to 12 percent less than they expected this year alone. In some Latin American countries, the dollar has lost 25 percent of its buying power since 2004.
 
While the weakening U.S. dollar means goods are more expensive for missionaries living in other countries, the slumping U.S. employment means that more U.S. citizens are unemployed. Some of those finding themselves without paychecks once supported missionaries. In addition, as gas prices, taxes, and goods increase in the U.S. many Americans are being forced to trim their personal budgets. The first thing that is usually cut is philanthropy. As U.S. citizens suffer, so does giving to churches. This results in many churches reducing or eliminating their support of missionaries.
 
Our mission sending agency, Mission To the World, has recently lowered the amount of support missionaries must raise by decreasing their administrative overhead and health costs for missionaries.  To further combat this problem, many missionaries are attempting to raise additional support while still on the field—a difficult and time consuming task.
 
Please pray for the U.S. economy, U.S. citizens and U.S. churches. In addition, please pray for those taking God’s love and God’s word around the world.