Members of the LGBT muny face unique fancial hurdl. Here's how to handle budgetg, tate planng, cred rd bt and livg expens if you're a member of the lbian, gay, bisexual, transgenr muny.
Contents:
- THE HIGH COST OF BEG GAY
- BEG GAY IS EXPENSIVE: HERE’S HOW TO TAKE PRI YOUR FANC
- ARE GAY MEN REALLY RICH?
- THE HIGH PRICE OF BEG A GAY COUPLE
- THE 'GAYTRIFITN' EFFECT: WHY GAY NEIGHBOURHOODS ARE BEG PRICED OUT
- THE ST OF BEG GAY
- WHY ARE HOE PRIC HIGHER LGBT NEIGHBORHOODS? BUYERS GAY AREAS FACE PAYG UP TO FOUR TIM THE AVERAGE PRICE
- “BEG GAY IS REALLY EXPENSIVE” SAYS THE ‘I LOVE YOU PHILLIP MORRIS’ RED BAND TRAILER
- THERE’S A LOT OF MONEY AT PRI, BUT NOT NECSARILY LGBT POCKETSDOLLAR SIGNSDON’T LET THE SEA OF BIG-NAME RPORATE FLOATS AT A PRI PARA AND GLOSSY ADVERTISEMENTS MAGAZ FOOL YOU TO THKG THE LGBT WORLD IS ONE OF UNFETTERED AFFLUENCE.SAMANTHA ALLENUPDATED JUN. 23, 2018 10:07PM EDT / PUBLISHED JUN. 23, 2018 9:12PM EDT PHOTO ILLTRATN BY ELIZABETH BROCKWAY/THE DAILY BEASTTHE FIRST NEW YORK CY PRI MARCH 1970 WAS A GRASSROOTS AFFAIR ANIZED A GAY BOOKSTORE TO MARK THE ANNIVERSARY OF A RT. TODAY, NYC PRI WEEK HAS ABOUT SIX DOZEN RPORATE SPONSORS, CLUDG SOME OF THE UNTRY’S LARGT BANKS AND STOR.THE FIRST CHIGO PRI PROTT 1970 SPECIFILLY TARGETED THE MICHIGAN AVENUE SHOPPG DISTRICT, AS THE CHIGO TRIBUNE REPORTED, ORR TO “REACH THE MAXIMUM NUMBER OF… SHOPPERS AND TOURISTS.” TODAY, RETAILERS AND AIRL MARCH THE CHIGO PRI PARA.LAST YEAR, THE LGBT MARCH LOS ANGEL TOOK ON AN ANTI-TMP THEME, PROMPTG LONGTIME RPORATE SPONSORS LIKE WELLS FARGO TO GET LD FEET, AS FOURTWONE REPORTED. THIS YEAR, AS WEHOVILLE NOTED THEIR REP OF THE EVENT, THE PARA WAS “DOMATED LARGELY BY FLOATS OM RPORATE SPONSORS” CLUDG, Y, WELLS FARGO.BY NOW, THE MERCIALIZATN OF LGBT PRI SEEMS LIKE AN AGE-OLD TOPIC OF BATE—EVEN THOUGH WASN’T THAT LONG AGO, THE GRAND SCHEME OF THGS, THAT NONE OF THE PANI WOULD WANT TO BE SEEN TOUCHG ANYTHG QUEER WH A TEN-FOOT POLE. INED, AS LONG AS PANI ARE VOLVED BIG-CY PRI EVENTS—AND SO LONG AS THEY KEEP CHURNG OUT RABOW MERCHANDISE EVERY JUNE—THERE WILL ALWAYS BE DISCSN ABOUT THE LOST RADIL SPIR OF PRI.BUT THERE’S SOMETHG ELSE THAT HAPPENS, TOO, WHEN PRI—THE TIME OF YEAR WHEN LGBT PEOPLE ARE MOST VISIBLE—BE ASSOCIATED WH MONEY AND TRAVEL AND NSUMERISM: WE LOSE SIGHT OF THE FACT THAT LGBT POVERTY IS A MAJOR AND LARGELY UNSPOKEN PROBLEM.THE NOTN THAT LGBT PEOPLE ARE ALL CHILDLS, DUAL-E FASHNISTAS LIVG AIRY LOFTS IS SUCH A PERSISTENT ONE THAT REARCHERS HAVE LABELED “THE MYTH OF GAY AFFLUENCE.”BUT AS A 2014 ATLANTIC ARTICLE BY THAT TLE NOTED, FANCIAL PROBLEMS ABOUND THE LGBT MUNY—PROBLEMS THAT OFTEN GET ELID BY MARKETG FIRM REARCH.WHEN YOU HEAR THAT LGBT AMERINS HAVE AN TIMATED PURCHASG POWER OF $1 TRILLN, FOR EXAMPLE, THAT DON’T MAKE SEEM LIKE THEY EVER WANT FOR MONEY.BUT IF YOU NSULT SOCLOGIL REARCH, AS THE 2014 ATLANTIC ARTICLE REMEND—LIKE DATA PUBLISHED BY THE WILLIAMS INSTUTE AT THE UCLA SCHOOL OF LAW—YOU WOULD LEARN THAT “SAME-SEX UPL ARE MORE VULNERABLE TO POVERTY GENERAL THAN ARE DIFFERENT-SEX MARRIED UPL,” AS A 2013 REPORT FOUND (PDF), OR THAT “LBIANS SAME-SEX UPL AND [BLACK] LGBT PEOPLE” ARE PECIALLY VULNERABLE TO POVERTY, AS A 2016 REPORT OBSERVED (PDF). THERE IS A MORE PRSG AND PLITED TTH, SEEMS, LURKG BENEATH ALL THE BIG CLAIMS ABOUT THE SPENDG POWER OF LGBT AMERINS.“REARCH HAS SHOWN THAT LGBT PEOPLE FACE A RISK OF BEG POOR THAT IS AT BT EQUAL TO THAT OF NON-LGBT PEOPLE WH SIAR CHARACTERISTICS AND, AT WORST, MUCH HIGHER THAN THAT OF NON-LGBT PEOPLE,” THAT 2016 WILLIAMS INSTUTE REPORT NOTED.A 2015 REPORT SPEARHEAD BY THE CENTER FOR AMERIN PROGRS ALSO FOUND THAT LBIAN, BISEXUAL, AND TRANSGENR WOMEN WERE “MORE LIKELY TO LIVE POVERTY” THAN WERE HETEROSEXUAL WOMAN.TRANSGENR WOMEN, THAT REPORT FOUND, WERE ALMOST “FOUR TIM MORE LIKELY” THAN THE GENERAL POPULATN TO BE MAKG LS THAN $10,000 A YEAR. AND 30 PERCENT OF BISEXUAL WOMEN—AS PARED TO 21 PERCENT OF STRAIGHT WOMEN—WERE LIVG POVERTY.SO, WHERE DO WE GET THE IA THAT LGBT PEOPLE ARE RICH? PRI EVENTS AWASH RPORATE MONEY CERTALY DON’T HELP. NOR DO $150 RABOW SNEAKERS OR EXPENSIVE PRI PACKAG ADVERTISED BY SWANKY HOTEL CHAS. IT’S TE THAT SOME THE LGBT MUNY N AFFORD THE LUXURY EMS THAT NOW SURROUND PRI MONTH LIKE A GIANT STLY CLOUD—THOSE FACTOIDS ABOUT OVERALL LGBT PURCHASG POWER DON’T E OM NOWHERE—BUT THE MUNY’S PURPORTED WEALTH IS FAR OM EVENLY DISTRIBUTED.EVEN FOR GAY MEN, WHO TEND TO HAVE THE ROSIT FANCIAL OUTLOOK WH THE BROAR LGBT MUNY, NEW U.K. DATA REPORTED BY THE WASHGTON POST THIS MONTH SHOWS THAT, WHILE GAY MEN TEND TO LAND MANAGERIAL POSNS AT HIGHER RAT THAN STRAIGHT MEN, THEY H A “GLASS CEILG” WHEN TO BREAKG TO UPPER MANAGEMENT. GAY MEN OF LOR, AS THE POST NOTED, HAVE AN PECIALLY HARD TIME CLIMBG THE RANKS. THE REASONS FOR LGBT FANCIAL DIFFICULTI ARE MANIFOLD. A 2018 EXPERIAN SURVEY OF 500 LGBT PEOPLE FOUND THAT 62 PERCENT OF RPONNTS HAD FACED “FANCIAL CHALLENG” DUE TO THEIR GENR INTY OR SEXUAL ORIENTATN: THIRTEEN PERCENT SAID THEY HAD BEEN DISCRIMATED AGAST AT WORK, 12 PERCENT SAID THEY WERE “PASSED OVER FOR A JOB,” 10 PERCENT SAID THEY HAD A “LOWER SALARY” OR A “RCED CHANCE OF PROMOTN.”THERE ARE OTHER FACTORS, TOO, LIKE HEALTH ISSU ED BY MORY STRS—OR THE STS OF ADOPTN, SURROGACY, AND ASSISTED REPRODUCTIVE TECHNOLOGY THAT MANY SAME-SEX UPL HAVE TO BEAR ORR TO START OR GROW A FAY.YOU MIGHT NOT THK ABOUT THOSE CHALLENG BEE LGBT FANCIAL PROBLEMS ARE SRCELY TOUCHED UPON THE MEDIA. THK ABOUT SHOWS LIKE QUEER AS FOLK, THE L WORD, MORN FAY, AND Y, THE TER’S BELOVED NETFLIX REBOOT OF QUEER EYE, THE SEND SEASON OF WHICH PREMIERED THE MIDDLE OF PRI MONTH 2018. ALL OF THE PROGRAMS PICT LGBT PEOPLE FOR WHOM THE IA OF GOG HUNGRY WOULD BE ALMOST UNTHKABLE: WHY NOT JT WHIP UP SOME GUAMOLE OR SOME H PASTA, LIKE ANTONI OM QUEER EYE, OR WALK DOWN THE STREET TO A HIP FFEE SHOP FULL OF YOUR AFFLUENT WEHO NEIGHBORS?AND YET, AS THE WILLIAMS INSTUTE FOUND 2014–AND AS THE ATLANTIC SUBSEQUENTLY NOTED—ALMOST A THIRD OF LGBT ADULTS SAID THEY HAD “EXPERIENCED A TIME THE LAST YEAR WHEN THEY DID NOT HAVE ENOUGH MONEY TO FEED THEMSELV OR THEIR FAY,” AND THAT SAME-SEX UPL WH KIDS WERE “APPROXIMATELY TWICE AS LIKELY” TO GET FOOD STAMPS AS OPPOSE-SEX UPL RAISG KIDS.IT’S HARD TO SQUARE STATISTICS LIKE THOSE WH THE MONEY THAT FLOWS THROUGH AND AROUND PRI EVERY JUNE. ON THE ONE HAND, PANI SELLG PRI MERCHANDISE SOMETIM DONATE SOME PORTN OF THE PROCEEDS TO LGBT CHARI, AND RPORATE VOLVEMENT PRI EVENTS OFTEN AS A RULT OF YEARS OF TERNAL ADVOCY OM LGBT EMPLOYEE ROURCE GROUPS. MANY OF THE PANI ALSO SRE A PERFECT 100 ON THE HUMAN RIGHTS CAMPAIGN’S CORPORATE EQUALY INX, MEANG THAT THEY OFFER BENEFS TO EMPLOYE LIKE TRANSGENR-CLIVE HEALTH SURANCE. IT’S HARD TO FLT EVERY PANY UNILATERALLY FOR GETTG VOLVED PRI.BUT THE AGGREGATE EFFECT OF RPORATE VOLVEMENT PRI HAS BEEN TO MAKE MORE AND MORE A MONTH ABOUT TRAVEL AND NSUMPTN, ABOUT RABOW-LORED MARKETG AND REACTNS TO THAT MARKETG. IT FEELS HARR THAN EVER TO MAKE LGBT FANCIAL STGGL TELLIGIBLE TO A BROAR SOCIETY THAT HAS NEVER REGNIZED THEM THE FIRST PLACE.THIS YEAR, AS THEM REPORTED, ACTIVISTS AROUND THE UNTRY—CLUDG NEW YORK CY—WILL BE PROTTG PRI PARAS, PART BEE THEY DON’T WANT TO SEE MORE RPORATE VOLVEMENT THE EVENT. WHEN AN EVENT THAT STARTED AS AN LGBT PROTT NOW DRAWS PROTTS OM LGBT PEOPLE, THAT’S A SURE SIGN THAT SOMETHG IS AMISS.PRI DIDN’T ED TO BE ABOUT MONEY. NOW, ALL TOO OFTEN, IS MONEY. SAMANTHA ALLEN
- IS ITS GAY POPULATN WHY WEHO HOG IS SO EXPENSIVE?
THE HIGH COST OF BEG GAY
* is gay expensive *
Dpe beg fancial profsnals who had plenty of knowledge about money, they realized their "fancial troubl had roots beg LGBT, " Schneir LGBT acronym means lbian, gay, bisexual and transgenr and may be lengthened to clu queer, tersex and asexual inti to the mix. But while longevy risk plagu much of Ameri's agg populatn, whether gay or straight, cis- or transgenr, LGBT people often need to save even more to afford their longer liv.
BEG GAY IS EXPENSIVE: HERE’S HOW TO TAKE PRI YOUR FANC
Are Gay Men Really Rich? - Freakonomics * is gay expensive *
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. 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.
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. 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.
ARE GAY MEN REALLY RICH?
Affluent and unhampered by children – or so the myth go – LGBT cy-dwellers have long been at the vanguard of transformg ndown neighbourhoods. But now gentrifitn is threateng even the most proment gay villag * is gay expensive *
So one problem is that not everyone who’s lbian, gay, bisexual, or transgenr is gog to say so when a stranger wh a Cens form knocks on their door.
DUBNER: Okay, so if the Cens don’t ask directly about sexual orientatn, how do we know what we’ve been tellg you about – that, for stance, gay upl earn about 20 percent more than straight upl? It’s a sub-sample bee not all gay people are partnered, and ’s also a sub-sample bee not all partnered gay people would want to disclose that to the cens.
THE HIGH PRICE OF BEG A GAY COUPLE
The price of properti gay areas of Cleveland and Philalphia are more than 240 percent higher than what a typil hoe the metropolan areas would st. * is gay expensive *
BADGETT: Gay and lbian people tend to have higher-than-average tn levels, so you would expect them to have higher-than-average . Badgett says that, while her data may not be so great eher, appears that if you took two observatnally equivalent men — same background, same tn, and so on – that the gay man would earn ls than the straight man, not more.
In fact, earlier this year, Badgett and two -thors released a Williams Instute study which found that gays and lbians are more likely to live poverty than observatnally equivalent heterosexuals.
THE 'GAYTRIFITN' EFFECT: WHY GAY NEIGHBOURHOODS ARE BEG PRICED OUT
Now, you may be a b spic of such a claim ma by an stute dited to sexual-orientatn issu but, assumg ’s legimate, the next obv qutn would be: why aren’t gays earng more? BLACK: I thk there is some good evince that gay men do take occupatns that are, you know, they look more female like, and of urse female occupatns tradnally pay a ltle b lower so that uld expla a part of . Now, aga, keep md, an analysis like this reli on self-intified gay men who live wh a same-sex partner but, among that group, a gay man was about 16 tim more likely than a straight man to teach prchool or krgarten.
And I spect that that differential treatment between the gay and the straight applints is likely to be seen other ways, if we uld actually study this further to the employment procs. ERICSON: We fd that people are also hant to reveal that they don’t support gays and lbians, that they hi their anti-gay sentiment.
THE ST OF BEG GAY
So when we ask a private, veiled way, people are more likely to adm that they would be unfortable havg a gay manager, or that they thk ’s okay to discrimate agast gays and lbians. A study that Ericson -thored found that when people uld answer qutns totally anonymoly, they were much more likely to exprs anti-gay feelgs.
BLACK: Well uld have negative effects on enomic out the sense that particular I thk givg greater accs to adoptn on the part of gay and lbian upl might duce them to suffer, if you will, the nsequenc of havg children, and of urse achieve the obv benefs to havg children as well.
WHY ARE HOE PRIC HIGHER LGBT NEIGHBORHOODS? BUYERS GAY AREAS FACE PAYG UP TO FOUR TIM THE AVERAGE PRICE
As for the qutn that started this whole nversatn, om Danny Rosa — he wanted to know “what is about gay men and the gay culture that mak them so wealthy?
So if you already thk that gay men are relatively affluent, and then you see a few really nice neighborhoods that happen to be gay neighborhoods – well, nfirms your view. This is pecially te for lbian, gay, bisexual, transgenr, and queer (LGBTQ+) people, who often rely on alternative paths, such as adoptn and surrogacy, to have children. Gay upl earng, say, $80, 000, uld have health surance sts siar to our hypothetil higher-earng uple, but they might well owe more e tax than their heterosexual unterparts.
“BEG GAY IS REALLY EXPENSIVE” SAYS THE ‘I LOVE YOU PHILLIP MORRIS’ RED BAND TRAILER
One exceptn is the st of havg blogil children, but we felt was appropriate to clu this given our goal of outlg every st gay upl cur that heterosexual upl may not. We also ma a number of assumptns based on average sts, life spans, state of rince and gay fay is ma up of two women livg New York State a mted partnership that lasts 46 years, until the first partner di at age 81.
All this st the gay uple $211, 993 more than their heterosexual married unterparts, who were able to take advantage of the higher-earner’s fay verage.
In the worst se, the gay partner who earned $30, 000 uld not receive higher spoal benefs or survivor benefs om her partner’s much higher earngs rerd.
THERE’S A LOT OF MONEY AT PRI, BUT NOT NECSARILY LGBT POCKETSDOLLAR SIGNSDON’T LET THE SEA OF BIG-NAME RPORATE FLOATS AT A PRI PARA AND GLOSSY ADVERTISEMENTS MAGAZ FOOL YOU TO THKG THE LGBT WORLD IS ONE OF UNFETTERED AFFLUENCE.SAMANTHA ALLENUPDATED JUN. 23, 2018 10:07PM EDT / PUBLISHED JUN. 23, 2018 9:12PM EDT PHOTO ILLTRATN BY ELIZABETH BROCKWAY/THE DAILY BEASTTHE FIRST NEW YORK CY PRI MARCH 1970 WAS A GRASSROOTS AFFAIR ANIZED A GAY BOOKSTORE TO MARK THE ANNIVERSARY OF A RT. TODAY, NYC PRI WEEK HAS ABOUT SIX DOZEN RPORATE SPONSORS, CLUDG SOME OF THE UNTRY’S LARGT BANKS AND STOR.THE FIRST CHIGO PRI PROTT 1970 SPECIFILLY TARGETED THE MICHIGAN AVENUE SHOPPG DISTRICT, AS THE CHIGO TRIBUNE REPORTED, ORR TO “REACH THE MAXIMUM NUMBER OF… SHOPPERS AND TOURISTS.” TODAY, RETAILERS AND AIRL MARCH THE CHIGO PRI PARA.LAST YEAR, THE LGBT MARCH LOS ANGEL TOOK ON AN ANTI-TMP THEME, PROMPTG LONGTIME RPORATE SPONSORS LIKE WELLS FARGO TO GET LD FEET, AS FOURTWONE REPORTED. THIS YEAR, AS WEHOVILLE NOTED THEIR REP OF THE EVENT, THE PARA WAS “DOMATED LARGELY BY FLOATS OM RPORATE SPONSORS” CLUDG, Y, WELLS FARGO.BY NOW, THE MERCIALIZATN OF LGBT PRI SEEMS LIKE AN AGE-OLD TOPIC OF BATE—EVEN THOUGH WASN’T THAT LONG AGO, THE GRAND SCHEME OF THGS, THAT NONE OF THE PANI WOULD WANT TO BE SEEN TOUCHG ANYTHG QUEER WH A TEN-FOOT POLE. INED, AS LONG AS PANI ARE VOLVED BIG-CY PRI EVENTS—AND SO LONG AS THEY KEEP CHURNG OUT RABOW MERCHANDISE EVERY JUNE—THERE WILL ALWAYS BE DISCSN ABOUT THE LOST RADIL SPIR OF PRI.BUT THERE’S SOMETHG ELSE THAT HAPPENS, TOO, WHEN PRI—THE TIME OF YEAR WHEN LGBT PEOPLE ARE MOST VISIBLE—BE ASSOCIATED WH MONEY AND TRAVEL AND NSUMERISM: WE LOSE SIGHT OF THE FACT THAT LGBT POVERTY IS A MAJOR AND LARGELY UNSPOKEN PROBLEM.THE NOTN THAT LGBT PEOPLE ARE ALL CHILDLS, DUAL-E FASHNISTAS LIVG AIRY LOFTS IS SUCH A PERSISTENT ONE THAT REARCHERS HAVE LABELED “THE MYTH OF GAY AFFLUENCE.”BUT AS A 2014 ATLANTIC ARTICLE BY THAT TLE NOTED, FANCIAL PROBLEMS ABOUND THE LGBT MUNY—PROBLEMS THAT OFTEN GET ELID BY MARKETG FIRM REARCH.WHEN YOU HEAR THAT LGBT AMERINS HAVE AN TIMATED PURCHASG POWER OF $1 TRILLN, FOR EXAMPLE, THAT DON’T MAKE SEEM LIKE THEY EVER WANT FOR MONEY.BUT IF YOU NSULT SOCLOGIL REARCH, AS THE 2014 ATLANTIC ARTICLE REMEND—LIKE DATA PUBLISHED BY THE WILLIAMS INSTUTE AT THE UCLA SCHOOL OF LAW—YOU WOULD LEARN THAT “SAME-SEX UPL ARE MORE VULNERABLE TO POVERTY GENERAL THAN ARE DIFFERENT-SEX MARRIED UPL,” AS A 2013 REPORT FOUND (PDF), OR THAT “LBIANS SAME-SEX UPL AND [BLACK] LGBT PEOPLE” ARE PECIALLY VULNERABLE TO POVERTY, AS A 2016 REPORT OBSERVED (PDF). THERE IS A MORE PRSG AND PLITED TTH, SEEMS, LURKG BENEATH ALL THE BIG CLAIMS ABOUT THE SPENDG POWER OF LGBT AMERINS.“REARCH HAS SHOWN THAT LGBT PEOPLE FACE A RISK OF BEG POOR THAT IS AT BT EQUAL TO THAT OF NON-LGBT PEOPLE WH SIAR CHARACTERISTICS AND, AT WORST, MUCH HIGHER THAN THAT OF NON-LGBT PEOPLE,” THAT 2016 WILLIAMS INSTUTE REPORT NOTED.A 2015 REPORT SPEARHEAD BY THE CENTER FOR AMERIN PROGRS ALSO FOUND THAT LBIAN, BISEXUAL, AND TRANSGENR WOMEN WERE “MORE LIKELY TO LIVE POVERTY” THAN WERE HETEROSEXUAL WOMAN.TRANSGENR WOMEN, THAT REPORT FOUND, WERE ALMOST “FOUR TIM MORE LIKELY” THAN THE GENERAL POPULATN TO BE MAKG LS THAN $10,000 A YEAR. AND 30 PERCENT OF BISEXUAL WOMEN—AS PARED TO 21 PERCENT OF STRAIGHT WOMEN—WERE LIVG POVERTY.SO, WHERE DO WE GET THE IA THAT LGBT PEOPLE ARE RICH? PRI EVENTS AWASH RPORATE MONEY CERTALY DON’T HELP. NOR DO $150 RABOW SNEAKERS OR EXPENSIVE PRI PACKAG ADVERTISED BY SWANKY HOTEL CHAS. IT’S TE THAT SOME THE LGBT MUNY N AFFORD THE LUXURY EMS THAT NOW SURROUND PRI MONTH LIKE A GIANT STLY CLOUD—THOSE FACTOIDS ABOUT OVERALL LGBT PURCHASG POWER DON’T E OM NOWHERE—BUT THE MUNY’S PURPORTED WEALTH IS FAR OM EVENLY DISTRIBUTED.EVEN FOR GAY MEN, WHO TEND TO HAVE THE ROSIT FANCIAL OUTLOOK WH THE BROAR LGBT MUNY, NEW U.K. DATA REPORTED BY THE WASHGTON POST THIS MONTH SHOWS THAT, WHILE GAY MEN TEND TO LAND MANAGERIAL POSNS AT HIGHER RAT THAN STRAIGHT MEN, THEY H A “GLASS CEILG” WHEN TO BREAKG TO UPPER MANAGEMENT. GAY MEN OF LOR, AS THE POST NOTED, HAVE AN PECIALLY HARD TIME CLIMBG THE RANKS. THE REASONS FOR LGBT FANCIAL DIFFICULTI ARE MANIFOLD. A 2018 EXPERIAN SURVEY OF 500 LGBT PEOPLE FOUND THAT 62 PERCENT OF RPONNTS HAD FACED “FANCIAL CHALLENG” DUE TO THEIR GENR INTY OR SEXUAL ORIENTATN: THIRTEEN PERCENT SAID THEY HAD BEEN DISCRIMATED AGAST AT WORK, 12 PERCENT SAID THEY WERE “PASSED OVER FOR A JOB,” 10 PERCENT SAID THEY HAD A “LOWER SALARY” OR A “RCED CHANCE OF PROMOTN.”THERE ARE OTHER FACTORS, TOO, LIKE HEALTH ISSU ED BY MORY STRS—OR THE STS OF ADOPTN, SURROGACY, AND ASSISTED REPRODUCTIVE TECHNOLOGY THAT MANY SAME-SEX UPL HAVE TO BEAR ORR TO START OR GROW A FAY.YOU MIGHT NOT THK ABOUT THOSE CHALLENG BEE LGBT FANCIAL PROBLEMS ARE SRCELY TOUCHED UPON THE MEDIA. THK ABOUT SHOWS LIKE QUEER AS FOLK, THE L WORD, MORN FAY, AND Y, THE TER’S BELOVED NETFLIX REBOOT OF QUEER EYE, THE SEND SEASON OF WHICH PREMIERED THE MIDDLE OF PRI MONTH 2018. ALL OF THE PROGRAMS PICT LGBT PEOPLE FOR WHOM THE IA OF GOG HUNGRY WOULD BE ALMOST UNTHKABLE: WHY NOT JT WHIP UP SOME GUAMOLE OR SOME H PASTA, LIKE ANTONI OM QUEER EYE, OR WALK DOWN THE STREET TO A HIP FFEE SHOP FULL OF YOUR AFFLUENT WEHO NEIGHBORS?AND YET, AS THE WILLIAMS INSTUTE FOUND 2014–AND AS THE ATLANTIC SUBSEQUENTLY NOTED—ALMOST A THIRD OF LGBT ADULTS SAID THEY HAD “EXPERIENCED A TIME THE LAST YEAR WHEN THEY DID NOT HAVE ENOUGH MONEY TO FEED THEMSELV OR THEIR FAY,” AND THAT SAME-SEX UPL WH KIDS WERE “APPROXIMATELY TWICE AS LIKELY” TO GET FOOD STAMPS AS OPPOSE-SEX UPL RAISG KIDS.IT’S HARD TO SQUARE STATISTICS LIKE THOSE WH THE MONEY THAT FLOWS THROUGH AND AROUND PRI EVERY JUNE. ON THE ONE HAND, PANI SELLG PRI MERCHANDISE SOMETIM DONATE SOME PORTN OF THE PROCEEDS TO LGBT CHARI, AND RPORATE VOLVEMENT PRI EVENTS OFTEN AS A RULT OF YEARS OF TERNAL ADVOCY OM LGBT EMPLOYEE ROURCE GROUPS. MANY OF THE PANI ALSO SRE A PERFECT 100 ON THE HUMAN RIGHTS CAMPAIGN’S CORPORATE EQUALY INX, MEANG THAT THEY OFFER BENEFS TO EMPLOYE LIKE TRANSGENR-CLIVE HEALTH SURANCE. IT’S HARD TO FLT EVERY PANY UNILATERALLY FOR GETTG VOLVED PRI.BUT THE AGGREGATE EFFECT OF RPORATE VOLVEMENT PRI HAS BEEN TO MAKE MORE AND MORE A MONTH ABOUT TRAVEL AND NSUMPTN, ABOUT RABOW-LORED MARKETG AND REACTNS TO THAT MARKETG. IT FEELS HARR THAN EVER TO MAKE LGBT FANCIAL STGGL TELLIGIBLE TO A BROAR SOCIETY THAT HAS NEVER REGNIZED THEM THE FIRST PLACE.THIS YEAR, AS THEM REPORTED, ACTIVISTS AROUND THE UNTRY—CLUDG NEW YORK CY—WILL BE PROTTG PRI PARAS, PART BEE THEY DON’T WANT TO SEE MORE RPORATE VOLVEMENT THE EVENT. WHEN AN EVENT THAT STARTED AS AN LGBT PROTT NOW DRAWS PROTTS OM LGBT PEOPLE, THAT’S A SURE SIGN THAT SOMETHG IS AMISS.PRI DIDN’T ED TO BE ABOUT MONEY. NOW, ALL TOO OFTEN, IS MONEY. SAMANTHA ALLEN
Some upl might try to buy life surance an attempt to replace the Pedrick for The New York TimIn our bt se, when the gay partners had largely intil , neher was at a huge disadvantage bee they end up wh about the same monthly benefs.
And though New York regniz marriag performed elsewhere, that regnn do not extend to state e or tate our worst se, the gay partner who died first 2055 left an tate that exceed the state’s thrhold by $171, 528.
The gay uple our bt se had a smaller tate, part bee they were reful to tle their home as tenants--mon, so only the ceased partner’s half of the home was taxable. So the gay uple wh one partner who started out earng jt $30, 000 would have saved ls (had she been legally able to) than someone earng $70, 000.
IS ITS GAY POPULATN WHY WEHO HOG IS SO EXPENSIVE?
The survivg spoe om the gay uple wh equal end up $112, 192 PreparatnInstead of filg one jot feral tax return and one state e tax return, same-sex upl mt file two sets of returns. They benef om what’s known as a marriage our worst se, where one gay partner earned $110, 000 and one earned $30, 000, the uple paid $15, 027 ls tax over their lifetim than their heterosexual unterparts. Though the gay and heterosexual married uple had intil salari, the married uple llected more e retirement a direct rult of their marriage stat and th owed more tax (though they still benefed om the marriage bon).
Seekg both an acceptg muny and affordable rent, they have often flocked together cheaper areas of ner ci, such as gay-iendly Williamsburg.