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.

1 Income & Savings
2 Information
3 Policy
4 Market
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.

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Information

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.

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Policy

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.

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Market

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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Download the Wealth Gap Fact Sheet

Click here to download the LGBTQ Wealth Gap Fact Sheet as a PDF.

The Wealth Gap on the Blog:

How the Rescission of 67 CFPB Guidance Documents Tramples Rights for LGBTQ People & All U.S. Consumers

This past month, the Consumer Financial Protection Bureau (CFPB), under the Acting Directorship of Trump-appointed Russell Vought, issued an abrupt declaration that it would rescind 67 guidance documents–including interpretive rules, advisory opinions, and policy statements–that the Bureau had previously issued related to consumer rights and protections.[i] The mass recission of

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Supreme Court’s CFPB Ruling a Victory For Consumers

Today, the U.S. Supreme Court has upheld the constitutionality of the funding structure of the Consumer Financial Protection Bureau (CFPB), rejecting the radical and baseless arguments of payday lenders seeking to cripple the agency and evade its oversight. Congress created the Bureau after the 2008 Financial Crisis to reign in

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