Are Gay Men Really Rich? - Freakonomics

Contents:

• GAY MEN USED TO EARN LS THAN STRAIGHT MEN; NOW THEY EARN MORE
• ARE GAY MEN REALLY RICH?
• MEDIAN HOEHOLD E OF GAY UPL U.S. 2015-2021
• PERCENTAGE OF GAY UPLE HOEHOLDS U.S. 2021, BY HOEHOLD E
• GAY COUPL MORE EDUTED, HIGHER-INE THAN HETEROSEXUAL COUPL
• THE MYTH OF GAY AFFLUENCE
• GAY MALE UPL HAVE THE HIGHT
• GAY PEOPLE EARN MORE, OWE LS
• THE GAY RETIREMENT GUI FOR FABULO LGBTQ FANCIAL PLANNG
• LBIAN, GAY, BISEXUAL, AND TRANSGENR PERSONS AND SOCENOMIC STAT
• KEV MAXEN BE FIRST MALE ACH A US MEN’S PROFSNAL SPORTS LEAGUE TO PUBLICLY E OUT AS GAY

GAY MEN USED TO EARN LS THAN STRAIGHT MEN; NOW THEY EARN MORE

For 20 years, nearly all the studi on gay men the workplace have found an intil rult: parg the earngs of two men wh siar tn profil, years of experience, skills, and job rponsibili, gay men nsistently earns ls than straight men (between 5% and 10% ls).

In a recent paper, rearchers om Vanrbilt analyzed data om a major feral survey the Uned Stat that had not prevly been ed this lerature – prumably bee only recently began to ask about sexual orientatn – and found that the gay male earngs penalty had disappeared. A recent Pew Rearch Foundatn study reported that 92% of all LGBTQ adults felt that society is more acceptg of them than a ago, and 87% of adults report personally knowg someone who is gay or lbian (up om 61% 1993).

ARE GAY MEN REALLY RICH?

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. 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. 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?

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.

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 .

MEDIAN HOEHOLD E OF GAY UPL U.S. 2015-2021

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.

PERCENTAGE OF GAY UPLE HOEHOLDS U.S. 2021, BY HOEHOLD E

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.

The most important statisticsNumber of untri that crimalize homosexualy 2022Number of untri that perm same-sex marriage 2022, by ntentNumber of untri that perm same-sex marriage 2022, by legal procreDecrimalisatn of same-sex acts between adults 2023, by world regnCrimalisatn of same-sex acts between adults 2023, by world regnNumber of untri wh bans agast nversn therapy 2020, by ntentThe most important statisticsSupport for LGBT+ people worldwi 2021Support for LGBT+ equaly worldwi 2021Engagement activi volvg or supportg LGBT+ people worldwi 2021Comg out as gay, lbian, or bisexual of fay member or iends 2022, by untryLevels of openns about beg LGBTI Europe 2019, by groupLevels of openns about beg LGBTI Europe 2019, by untryOpns on rights of same-sex upl worldwi 2023, by untryOpns on adoptn for same-sex upl worldwi 2023, by untryThe most important statisticsSupport for LGBT+ equaly worldwi 2021Support for LGBT+ people worldwi 2021Opns on adoptn for same-sex upl worldwi 2023, by untryOpn on endg iendships due to sex change surgery the Netherlands 2020Opn on whether there is a problem wh non-bary persons the Netherlands 2020Opns on who should pay for sex change operatn the Netherlands 2020Other statistics that may tert you LGBTQ+ worldwi. 2021, by race of hoeholrItaly: opn on surrogate motherhood for homosexual upl 2016Men a relatnship wh another man France 2016, by ageShare of habants same-sex marriag the Uned Stat as of 2015Faiary wh the LGBT muny Lat Ameri 2016Attus towards the term LGBT Poland 2020Attus towards gay/lbian people Lat Ameri 2016, by untryMetro areas wh the hight share of LGBT populatn the Uned Stat as of 2014Attus towards LGBT mands Poland 2019Supporters of LGBT mands Poland 2019, by polil partyU.

Women who are same-sex upl and the labor force tend to make far more money than siar women heterosexual upl, while men gay upl tend to make slightly ls than their heterosexual unterparts. People gay upl are also more likely to be the labor force (that is, workg or lookg for a job) than their heterosexual unterparts, and they're far more likely to be highly are a few of the datapots om a new report on the mographics of Ameri's same-sex upl. The men gay upl ma $47, 000 to the heterosexuals' $48, is possible that gay men are makg ls money than heterosexual men bee of outright discrimatn, says Gat, but he says that a more subtle force may be at work.

GAY COUPL MORE EDUTED, HIGHER-INE THAN HETEROSEXUAL COUPL

Evans—a landmark 1996 se that overturned a Colorado state nstutnal amendment prohibg legal protectns for gays and lbians—“Those who engage homosexual nduct tend to ri disproportnate numbers certa muni. ” Even more omoly, to Slia, they have "high disposable e, " which giv them "disproportnate polil power… to [achieve] not merely a gdgg social toleratn, but full social acceptance, of homosexualy. Some of the most graed public imag of LGBT people are their smopolan, highfalut liftyle; gays, so the story go, live gentrified urban neighborhoods like The Castro San Francis or Chelsea New York, eat artisanal chee, and drk $12 like most stereotyp, the myth of gay affluence is greatly realy, gay Amerins face disproportnately greater enomic challeng than their straight unterparts.

In 2012, Experian, a natnal marketg firm, released a bs report claimg that the average hoehold e of a married or partnered gay man is nearly 20 percent more than a straight married or partnered man ($116, 000 pared to $94, 500).

Further rptg the data, not all partnered gay people feel fortable clarg their sexualy surveys, and, a high-earng gay uple is more likely to report their sexual orientatn to a cens-taker than a low-earng uple, makg wealthier gay people overreprented natnal surveys. * * *Social scientist have tablished that gay men are more likely to work as teachers, nurs, secretari, and other jobs that are tradnally female domated and which don’t pay very well. Addnally, nearly 40 percent of all homels youth are LGBT (often havg been kicked out of their hom by homophobic parents), puttg them at a great enomic disadvantage as they grow olr.

THE MYTH OF GAY AFFLUENCE

A study nducted for the Amerin Journal of Soclogy sent two fict, but realistic, rum to more than 1, 700 entry-level, whe-llar job opengs, the only difference between the two beg that one rume listed membership a gay anizatn durg llege, while the other claimed experience a "Progrsive and Socialist Alliance" (sce both groups are nsired left-leang, the purpose was to separate any “gay penalty” om polil discrimatn). * * *Popular culture has helped lnch gay people to the mastream, but for all the benefs that shows such as Will & Grace, Morn Fay, and Glee have had for the LGBT muny on the public’s nscns, few cultural outlets accurately reprent the reali gays and lbians face Ameri today. It’s also tertg to note that whether we’re married or unmarried and whether we have kids or don’t have kids, studi, cludg the most recent US Cens, show that gay upl are likely to have both partners workg.

Among both straight and gay upl, hoeholds often have an unequal distributn of e, meang that one partner earns signifintly more than the other (or at least two-thirds of the sum of both primary ).

GAY MALE UPL HAVE THE HIGHT

Difference primary e between partners1)2), 2017 Signifintly lower (%)Equal (%)Signifintly higher (%)Heterosexual upleMale partner84151Heterosexual upleFemale partner51418Homosexual upleMale partner255025Homosexual upleFemale partner2256221) Except s where the sum of the primary equals zero. In the se of partners wh the lowt number of hours (cludg those not work), workg hours are more divergent: homosexual men work an average 1, 200 hours, heterosexual men and lbian women 1, 100 hours and heterosexual women 900 hours.

Average primary annual e of persons wh a partner, 20171)2)GlachtKoppelIne (x 1, 000 ros)MaleHeterosexual64MaleHomosexual58FemaleHeterosexual36FemaleHomosexual491) Sexual orientatn based on partner registratn. Data om the Feral Rerve Board and Cens Bure pot to large gaps fancial out between adults and upl who intify as lbian, gay, bisexual, transgenr and queer and/or qutng (LGBTQ+) and those who intify as straight and cisgenr (dividuals whose current genr inty match their sex at birth). The tersectn of genr inty and sexual orientatn is que stark here as well, wh 68% of straight men and straight women, 52% of gay men, 51% of lbian women, 52% of bisexual men, 39% of bisexual women and 36% of adults intifyg as transgenr, nonbary, a different inty, and/or somethg else owng their hom.

GAY PEOPLE EARN MORE, OWE LS

Related: Same-sex upl uld see tax wdfalls Uncertaty about the future of gay rights likely also prompts many members of the LGBT muny to be pecially pnt wh their money, Meyer-Shipp said. Related: Firms make fancial planng more gay-iendly Most will agree, however, that the LGBT muny is a largely untapped -- and potentially lucrative -- ctomer base when to fancial planng bee of the plexy of their fanc and unique needs. Centers for Disease Control and Preventn (CDC) began to show for the first time, om 2013 to 2015, that gay full-time employed men earned 10% more than siarly employed straight men, ntrollg for other factors like age, ethnicy, prence of a partner, etc., acrdg to a 2017 study om rearchers at Vanrbilt Universy.

THE GAY RETIREMENT GUI FOR FABULO LGBTQ FANCIAL PLANNG

The Williams Instute report, which looked at surveys of lbian, gay, and bisexual people, says that 42% of the people the muni reported havg been discrimated agast bee of their sexual orientatn, wh about 16% reportg that they had lost their job bee of . While 44% of people natnal surveys om 2009 reported discrimatn, 19% of lbian, gay, bisexual, and trans staff and faculty at universi and lleg across the untry reported havg suffered discrimatn wh the prev year, suggtg that perhaps amic workplac may be somewhat ls discrimatory. To pare differenc even further by regn: 2010, 43% of lbian, gay, and bisexual people Utah said they had been discrimated agast, pared to about 27% of lbian and gay people Colorado.

When you pair s of stutnal homophobia wh gays flockg to high-st-of-livg ci, the AIDS crisis, and trangement om fai, among other thgs, you have a recipe for higher levels of fancial secury the LGBT muny. Dependg on work stat and reer choic, this uld help acunt for part of the wage gap between workg gay men and FROM FORBESGay Fancial Advisor Shar 6 Ways To Take Pri In Your FancBy David RaeLGBTQ Parentg.

LBIAN, GAY, BISEXUAL, AND TRANSGENR PERSONS AND SOCENOMIC STAT

Much evince suggts that bisexual and transgenr people have lower and higher poverty than lbian, gay, and cisgenr heterosexual people (Badgett, 2018; Badgett, Choi, and Wilson, 2019; Carpenter, Eppk, and Gonzal, 2020).

Lbian women and gay men may have migated some of the effects of discrimatn on earngs and hoehold e through adaptive strategi tn, occupatns, and fay cisns, but they still face discrimatn the labor force (Valfort, 2017).

Individual Ine om EarngsRearch on dividual earngs suggts that, after ntrollg for differenc e-related characteristics, gay and bisexual men earn ls than heterosexual men and that lbian and bisexual women earn ls than heterosexual men but more than heterosexual women (Klawter, 2015; Valfort, 2017).

KEV MAXEN BE FIRST MALE ACH A US MEN’S PROFSNAL SPORTS LEAGUE TO PUBLICLY E OUT AS GAY

After adjtg for key factors that fluence earngs, the studi found that, on average, gay and bisexual men earn 11 percent ls than parable heterosexual men, wh rang of 11–16 percent lower wag the Uned Stat and 0–30 percent lower for all untri.

The range of timat for women was wir than for men, partly bee the studi analyzed only full-time workers: differenc earngs between lbian and bisexual women and heterosexual women ranged om 5 to 15 percent higher earngs for lbian and bisexual women the Uned Stat and om 25 percent lower earngs to 43 percent higher earngs studi om all general, recent studi ntue to fd negative earngs gaps for gay and bisexual men (Burn, 2019; Valfort, 2017).