Sexual Orientation and Financial Well-Being in the United States
This presentation summarises findings from research that examines the relationship between financial well-being and sexual orientation in the United States using data from the Survey of Household Economics and Decisionmaking for 2019-2022. The study finds that lesbian, gay, and bisexual individuals face significantly more financial difficulties than their heterosexual counterparts, a trend that existed before the COVID-19 pandemic. The disparities are evident in various financial well-being measures, including retirement savings, emergency funds, credit card and education debts, and the use of alternative financial services like payday loans.