Posted by:
summer
(
)
Date: October 19, 2014 03:19PM
No church needs 10% of anyone's income. I had previously seen estimates of US church donations averaging 2.7% of a donor's income. 2008 data suggest that donations dropped to 2.4% based on reporting from a third of American churches.
http://www.mlive.com/living/grand-rapids/index.ssf/2010/10/study_reveals_church_giving_at.htmlMost of the churches that responded to the survey have a paid ministry, paid office staff, and paid maintenance services. That means that the Mormon church could easily get by with even fewer dollars donated.
Even if retirees have saved a great deal of money (and many have not,) they face erosion of those savings through inflation over increasingly longer lifespans. And as you noted, health care costs can eat up a substantial amount of savings as well.