Sexual orientation impacts financial wellbeing – Fed research

Gay, lesbian and bisexual people “significantly more financially vulnerable than previously understood”

People against city backdrop

Gay, lesbian and bisexual people in the US experience significantly more financial hardship than comparable heterosexual people, Federal Reserve research finds.

Christopher Carpenter, Kabir Dasgupta, Zofsha Merchant and Alexander Plum analysed Survey of Household Economics and Decision-making data from 2019 to 2022.

“People who are lesbian, gay and bisexual have significantly more difficulty managing financially than similarly situated heterosexual individuals – and this pre-dated the Covid-19

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