Are Gay Men Really Rich? - Freakonomics

Contents:

• ARE GAY MEN REALLY RICH?
• GAY MONEY
• THE 'GAYTRIFITN' EFFECT: WHY GAY NEIGHBOURHOODS ARE BEG PRICED OUT
• THE MYTH OF GAY AFFLUENCE NOT EVERYONE IS FABULOLY WEALTHY
• ALL STEREOTYP ARE TE, EXCEPT ... V: 'ALL EXTREMELY HANDSOME MEN ARE GAY'

ARE GAY MEN REALLY RICH?

He works as a youth advote at the Los Angel Gay & Lbian Center. Danny himself is gay, and he has a qutn for :. I’m Danny Rosa and I’m wonrg why gay men are so affluent and succsful.

GAY MONEY

So, I’m thkg, what is about gay men and the gay culture that mak them so wealthy?

What is about gay men that mak them so wealthy? It is te that the gay neighborhoods that Danny mentns L. And if you watch even a ltle b of televisn the days, you’ll get the same ia … So, y, ’s pretty easy to get the imprsn that beg gay is a ticket to affluence.

But today, on Freakonomics Rad, we ask this: how real is that rich gay stereotype? Okay, so the qutn we’re tryg to answer today seems pretty simple: why are gay men affluent? That, of urse, prum that gay men are more affluent, so we should probably start there.

THE 'GAYTRIFITN' EFFECT: WHY GAY NEIGHBOURHOODS ARE BEG PRICED OUT

For gay male upl, meanwhile, median hoehold e is…$105, 600, or nearly 20 percent more. So Danny Rosa seems to be right – gay men do seem to earn more.

She says appears that gay men tend to have higher-than-average tn levels.

Lee BADGETT: One possibily is a gay person says, well, I know I’m gog to face some stigma and discrimatn the labor market, maybe my bt fense agast havg an e disadvantage is to get a lot of tn.

THE MYTH OF GAY AFFLUENCE NOT EVERYONE IS FABULOLY WEALTHY

If, therefore, gay men get more tn, that would go a long way toward explag why they earn more. Are there big differenc between how a gay uple and a straight uple spend their money?

Dan BLACK: The hierarchy sort of go heterosexual upl, lbian upl, followed by gay male upl. And only 10 percent of gay male upl are raisg a child.

ALL STEREOTYP ARE TE, EXCEPT ... V: 'ALL EXTREMELY HANDSOME MEN ARE GAY'

So a straight uple is more than four tim as likely as a gay male uple to be raisg a kid.

So a uple whout kids – gay or otherwise – has that money to spend some other way. Also, gay hoeholds are said to spend 50 percent more on pet re products – so if you’re a dog, and you want to be pampered, havg gay parents seems like a good ia. He -wrote a paper lled “Why Do Gay Men Live In San Francis?

But also, Black’s rearch shows that neighborhood ameni are a particular draw for gay men. That gay men are more affluent, probably bee they’re more highly ted, and bee they’re much ls likely to have kids, which means they have the money to live really nice neighborhoods. BADGETT: The most important thg to know is that is actually pretty hard to get good data on lbian, gay and bisexual people.