The LGBTQ Wealth Gap
LGBTQ people and communities suffer from a wealth gap: they have less earnings and wealth than their non-LGBTQ peers because of discrimination in earnings, a lack of quality information, public policies that do not address their needs, and discrimination in the marketplace for goods and services.
Income & Savings
The Income & Savings Gap
Discrimination in the workplace leaves LGBTQ consumers with smaller earnings compared to het/cis peers. Smaller earnings leaves less money for LGBTQ consumers to manage expenses, create savings, and buy homes and assets, or save for their retirement and golden years.
The Information Gap
Qualitatively, it is redundant to observe LGBTQ people have lived experiences that are distinctive from their het/cis peers. But, few generalizable studies or government statistics provide a quantitative view into how: i.e., unique demographics and well-being data for LGBT communities in the U.S., and worldwide.
The Policy Gap
Existing policies do not sufficiently protect all LGBTQ people in the U.S. from discrimination and do not support their economic well-being fairly & equally.
The Market Gap
Discrimination in the marketplace unfairly prevents LGBTQ consumers from obtaining needed goods and services and exacerbates the Wealth Gap because they are denied access to necessities, are provided products or services of inferior quality, or are overcharged.
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The Wealth Gap on the Blog:
Earlier this month, the Federal Reserve released its annual report about the financial well-being of people in the United States, the “Economic Well-Being of U.S.
The National Credit Union Administration (NCUA) has extended its approval for a new charter application for Diverge, a Proposed Federal Credit Union (PFCU). Diverge PFCU
The Center for LGBTQ Economic Advancement & Research (CLEAR) is pleased to announce that it has joined the Consumer Federation of America (CFA) as a
The National LGBTQ Anti-Poverty Action Network (The Network) is calling on the LGBTQ+ community to join us for the Poor People’s Campaign’s Moral March on