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I sell for a midsize manufacturing operation with mostly non-jewish, overwhelmingly non-frum clientelle located nationwide. However, the TOP 5 unpaid grossly late accounts are my frum business clients/institutions (> $40,000.00 in some cases), which has developed and worsened this past year. That is out of literally HUNDREDS of accounts. I am the only frum employee here, very concerned about this chillul Hashem, and wonder if the frum community’s financial health is near breakdown. Too many people being supported by previous generations money and unable to pay their own bills. It feels like things are coming to a head… Anyone else?
I personally heard a very prominent American Jewish leader say that everything will collapse completely within ten years if we continue on the same path. We need over two billion dollars annually just to pay for our schools and with only a few hundred thousand frum families in America I have no idea where the money will come from. Yes, HaShem is in charge of everything in the world, but it is asur to rely on a miracle.
Regarding the unpaid accounts: When did it become mutar not to pay ones’ bills? Are these really frum institutions? If they didn’t have the money, what are they doing making the order from your company?
Are you in any position to call the offending institutions/ clients? They might not realize what kind of issues they are causing at the other end.
unfortunately, i have heard people say that they will not take on frum customers because they are notorious for either not paying their bills, or making it so difficult to get the payment that it’s not worth the time and effort.
Charlie,
Would you please provide the name of the prominent American Jewish leader so we can understand waht his comment meant.
The current system is unsustainable.
I think our current Yeshiva system is breaking everything else.
It’s no secret. Yeshivas with no outside cost-control oversight plus parents supporting multiple children in learning plus banning college for other kids= a system where unless you’re a gvir, you’re in trouble.
Jose, I have contacted YWN regarding the identity of the leader I mentioned and I am awaiting a response. I will post again once I hear from the editors.
You can post which leader you refer to.
The person who made the comment was Rabbi Tzvi Hersh Weinreb, until recently the Executive Vice President of the Orthodox Union. He made the comments with about 20 people present in the room last fall with me in attendance. It was a small comment in a longer discussion about problems facing the Orthodox world today. He clearly saw the financial issues as a huge problem that needs immediate attention.
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