A few statistics tell the story.
A majority of seminary students now carry educational debt, and they’re borrowing larger amounts than in the past. Graduates confirm that their debt affects their career choices, holds them back from purchasing homes, prevents them from saving for their children’s education, limits their retirement savings, delays health care and creates distress.
Christian Century magazine recently reported that “churches are paying their clergy proportionately lower salaries today then they did a generation ago, making it more difficult for ministerial candidates to justify the high cost of a graduate degree.”
Fewer than 7 percent of clergy in most Protestant and Catholic denominations today are under age 35.