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.

Learn more
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.

Learn more
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.

Learn more
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.

Learn More

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:

Report: LGBTQ-Owned Small Businesses in 2021

Today, the Center for LGBTQ Economic Advancement & Research (CLEAR) and the Movement Advancement Project (MAP) released a ground-breaking report on the financial health and needs of LGBTQ-owned small businesses, using data from the Federal Reserve Banks’ annual Small Business Credit Survey (SBCS). The most recent SBCS, conducted in 2021,

Read More »

Fact Sheet: Trans Communities & Universal Basic Income

Read and download our new financial fact sheet about Trans Communities & Universal Basic Income that we created with Queer Works. Universal Basic Income (UBI) programs will be powerful tools to support the health and wellbeing of transgender communities. UBI projects can provide low-income transgender people the means to afford

Read More »

CLEAR’s Statement on Supreme Court’s Dobbs Decision

The Supreme Court’s ruling in Dobbs is a dangerous assault on the right of bodily autonomy for people who can become pregnant. The consequences of Dobbs will lead to health and economic harms that will severely impact those who are most vulnerable, and have dire consequences for low-income communities across

Read More »