Study: LGBT People Suffer Severe Income Inequality
A campaign seeking to reduce poverty by half over the next decade has found that LGBT people suffer severe income inequality compared to their straight counterparts.
Researchers with the Center for American Progress’s ‘Half in Ten’ program focused on high poverty rates within the LGBT community in a recently-released report.
Jeff Krehely is the director of the Center’s LGBT research and communications project. He tells OutQ News that the findings will likely strike down the stereotype that gay Americans are more affluent than their heterosexual peers.
KREHELY: Educating the public, including LGBT people, about what the current demographic characteristics of our population is, but others like straight people, that’s going to have, I think, a very surprising impact on them.
‘Half and Ten’ found that among all members of the LGBT community, lesbians and transgender people suffer the most financially.
While 15 percent of gay men live in poverty, about 24 percent of lesbian and bi women between the ages of 18 to 44 are broke. That’s compared to 19 percent of straight women. The research also shows that once female couples reach the age of 65, they are TWICE as likely as married straight couples to be poor. ‘Half in Ten’ notes that because women still make less than men, DOUBLING that difference for a female couple raising children only makes matters worse.
Speaking of children, the report says that the kids of gay couples are TWICE as likely to live in poverty than those of married opposite-sex parents.
But perhaps the most startling figure included in the study is that as many as 64 percent of transgender Americans reported an annual income of less than $25,000 dollars due to high unemployment rates and homelessness.