LGBTQ Financial Planning. Tax Planning. Insurance Planning
The unique financial challenges LGBTQ+ people continue to face.
KEY TAKEAWAYS
- Because much of the movement for the advancement of LGBTQ+ rights has occurred relatively recently, members of these communities are still learning how to cope financially with the challenges they face.
- Members of LGBTQ+ communities on average have less saved for retirement.
- LGBTQ+ people carry $16,000 more in student loan debt than their cisgender/heterosexual peers.
- Family planning for LGBTQ+ people can easily cost in the tens of thousands of dollars.
- LGBTQ+ retirees may wish to retire to accepting communities that can have higher-than-average living costs.
Guide to Finance for LGBTQ+ People (investopedia.com)