Pride Month: Supporting LGBTQ+ financial wellness
The financial needs of the LGBTQ + community may not be adequately addressed, but many facets of this community are unique to financial planning needs and need to be specifically addressed. Because of this, it’s especially important for employers and leaders to engage this community in performance conversations and understand the many financial twists and turns that LGBTQ + workers can face.
Research by E.xperian shows that the majority (62%) of LGBTQ + people report facing financial challenges because of their gender identity or orientation, and the Human Rights Campaign Foundation found that LGBTQ people are more likely than the general population to feel that their personal finances are worse now than they were a year ago. In an E * TRADE survey from 20213 More than a third (35%) of LGBTQ investors said they can find someone they can trust when it comes to investing, and over half (55%) are in favor of companies with strong environmental, social and corporate interests -Governance programs interested.