Are Gay Men Really Rich? - Freakonomics

Contents:

• 8 OPENLY GAY BILLNAIR
• ARE GAY MEN REALLY RICH?
• THE MYTH OF GAY AFFLUENCE NOT EVERYONE IS FABULOLY WEALTHY
• FREE RICH GAY DATG S
• GAY TAMPA
• RICH GAY, POOR GAY
• ONLE DATG GAY GUYS MATCH
• JAGUARS’ KEV MAXEN IS FIRST MALE ACH TO E OUT AS GAY US MEN’S PRO SPORTS

8 OPENLY GAY BILLNAIR

He also vted Facebook and asked for his opn on why more CEOs aren't openly gay, Thiel said, "A lot of the bs are global reach, and when you have ctomers all over the world, be a qutn of ‘Will they hold that (beg gay) agast you? He officially me out as gay 2015. In 2007, Out magaze lled Geffen the most powerful gay man the untry.

Dpe his billnaire stat, he liv a relatively most home Palo Alto.He me out as gay 2014. 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. 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?

ARE GAY MEN REALLY RICH?

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?

THE MYTH OF GAY AFFLUENCE NOT EVERYONE IS FABULOLY WEALTHY

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. 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. If, therefore, gay men get more tn, that would go a long way toward explag why they earn more.

FREE RICH GAY DATG S

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.

GAY TAMPA

And only 10 percent of gay male upl are raisg a child. 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.

RICH GAY, POOR GAY

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. On today’s show we’re talkg about the stereotype of the high-e gay Amerin male, and how te that stereotype may be.

And that’s not necsarily a reprentative sample of gay people for stance. 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.

ONLE DATG GAY GUYS MATCH

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?

And obvly that’s a sub-sample of gay people as a whole. 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. You probably also see why, the earlier part of our program, we told you about the e of gay upl but not dividuals.

JAGUARS’ KEV MAXEN IS FIRST MALE ACH TO E OUT AS GAY US MEN’S PRO SPORTS

But as Keh Ericson pots out, even that data isn’t necsarily a good reprentatn of the gay-uple populatn. Well, maybe a high-earng gay uple is more likely to divulge their sexualy to a cens-taker than a low-earng uple. So how n we fd out if the affluent-gay stereotype is really te?

The studi she’s talkg about tell a pletely different story about gay e. BADGETT: Gay and lbian people tend to have higher-than-average tn levels, so you would expect them to have higher-than-average .

But when you pare gay and straight people wh the same tn level, actually the gay people earn ls. 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.