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Organized religion was already in trouble in the U.S. before the fall of 2008. Denominations were stagnating or shrinking, and congregations across faith groups were fretting about their finances.
The Great Recession made things worse.
It's further drained the financial resources of many congregations, seminaries and religious day schools. Some congregations have disappeared and schools have been closed. In areas hit hardest by the recession, worshippers have moved away to find jobs, leaving those who remain to minister to communities struggling with rising home foreclosures, unemployment and uncertainty....
The article is not about the prosperity gospel, but ... I remember thinking the prosperity gospel couldn't survive the '01 recession after its grandiose build-up in the late 90s. A rising tide lifted all boats back then, even those of prosperity-gospel believers who attributed their success to this system. When the job crash came in '01, especially for people who had gotten marginal technology-related jobs, I thought this would be damaging to the prosperity gospel message. People had "believed God" (as they say) for increased wealth, and then it blew up in their faces. But this did not damage the prosperity gospel! It came back better than ever - in fact, the Osteen and Meyers empires arose after the '01 crash. So I don't know if religion and money can be separated or not.