Responding to the Economic Downturn

eugenecho's picture
By eugenecho on

Unless you've been living in a cave recently, you know that we're going through a severe economic downturn. Every week, we hear more doom and gloom news about all things economy related. This city and our church community have also been impacted as well. We've seen many in our city affected by foreclosures and many in our church affected by layoffs and financial anxieties. To my estimation, at least 10% of our church have been laid off in the past six months.But in the midst of this, we're still called to maintain our faith in God. In fact, the invitation is actually bolder: Grow our faith in God. While it may be hard to see, there's an immense upside during this economic downturn as well: It gives us at Quest more opportunities to be agents of care and grace to the city, world, and one another.<!--more-->

During our annual Giving Sunday campaign in November, you gave generously towards our goal of raising $50,000. While we didn't meet the goal, we were darn close at $49,520.06. As we shared with the church community, we partnered with two local food banks at Ballard and White Center because of the food crisis impacting our fellow Seattlites. Couple weeks ago, I had a chance to visit the White Center Food Bank upon their invitation and learned that their clients have increased from 1000 families/month to 2000 families/month! Check out this video from the WC food bank:

Here are some other examples Quest have sought to an agent of grace and care in the past couple months:

  • Partnered with a local Karen/Chin churchplant community with $3000 in grocery cards.
  • The To the Streets Ministry served 139 people from the 'homeless' community over Thanksgiving and continue to build their presence during their monthly distribution and relationship meetings.
  • We partnered w/ Q Cafe for a benefit concert for the Nickelsville Homeless Community and raised nearly $3k.
  • Global Market hosted by the Global Presence Ministry raised $3806.21 in December for global causes.
  • And each month, our co-conspirators Q Café, donates 10% of their sales to a local non-profit doing great work locally or globally. For this month, the proceeds go to Operation Nightwatch.

And this doesn’t include some incredible stuff that individuals and community groups are doing through the ‘Good Neighbor Fund.' The Seattle Times featured Quest in December about generosity. In short, we want to thank you for your generosity and partnership.

But as we seek to love the city and the larger world, we're also committed to caring for one another during this economic downturn. Hear this carefully and loudly: No one at our church should be homeless, hungry, without electricity, or not have access to certain basic but essential needs. You gave nearly $25,000 specifically to help Questers and we have additional funds in our budget to help those in need. And numerous have asked if the church community is doing ok because they're prepared to give beyond their normal giving to give more.In short, this is an opportunity for us to care for one another as well. You're not alone – We are family and the Body of Christ to one another. If Quest is your home church and you're in need of some financial assistance, please email Pastor DeAnza at deanza@seattlequest.org. Your request will remain anonymous.

We also want to equip you with resources and community. Last month, we hosted the Faith and Economics depth class and learned about topics such as Budgeting, Credit, Renting/Co-Housing/Buying, Simplicity, Faithful Investing, etc. If you've been laid off recently, looking for work, or simply unsure about your vocation, Quest is hosting a 'Vocational Revisioning' group for two months on Sundays at 3-4.30pm (@ Q Café and beginning this Sunday). Simply, we want to remind people that they're not alone. Join the facilitator, J.P. Kang, for fellowship, discussion, prayer, Scriptures, and encouragement. To RSVP or for more info: office@seattlequest.org.pastor eugene

Comments

Anita A's picture

Many people are asking on how to address the growing effects of economic turmoil. Some of them find themselves dealing with troubles regarding their finances. But come to think of it, a reverse mortgage could be your saving grace if you qualify for one. A reverse mortgage is where a qualified individual, (more on that soon), basically receives a loan of most of the equity of the home that they own.  Essentially, they are cash advance loans.  To qualify (in the U.S.), you have to be at least 62 years of age, so it really is only for seniors, and the original mortgage on your home must be completely paid.  Typically, a person who gets one is looking to retire on the money, or already has.  If the reverse mortgager goes to a retirement community, dies, or sells the home, the proceeds of the sale go to the reverse mortgage company. Read more on http://personalmoneystore.com/moneyblog/2009/03/17/mortgage-time-change-...

Piter E's picture

 

The latest economic data provide mounting evidence that the collapse of the structure market and turmoil in financial markets have tipped the U.S. sector into recession. The question now on the minds of consumers, business owners and politicians: How deep is it going to be, and how long is it going to last? Congress is debating another economic stimulus package, including proposals to provide hundreds of billions of bucks for overdue upgrades to roads, water projects and sewer systems. That investment will godsend but probably will not be enough to offset circulating gaps in dozens of state budgets. Those deficits will almost undoubtedly making a cutback in state spending and hiring — one of the last sectors of the business  to show growth. You may need an easy payday loan under any stressful situation.

 

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