LGBTQ+ Community
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COMMUNITY OVERVIEW
Exploring financial priorities within the LGBTQ+ community
The financial journey for LGBTQ+ individuals may include unique financial experiences across multiple life stages, often causing short-term financial needs to take precedence over longer-term goals. Importantly, these financial planning considerations apply not only to individuals who identify as LGBTQ+, but also to parents and loved ones who support LGBTQ+ individuals.
Participants in a recent wellness study were asked the question, if feeling better off, worse off, or the same. The majority of LGTBQ+ respondents reported feeling the same or worse across most aspects of life, including access to health care, daily expenses, and the ability to get ahead financially.1
What this means for employersEmployers are well positioned to help LGBTQ+ employees ease short-term financial burdens by an inclusive, and well-communicated benefits package. By considering benefits that address more immediate financial needs, such as health care and debt management, employers can help the LGBTQ+ community focus more energy on saving and preparing for long-term needs.
Employers also have an opportunity to help close the confidence and knowledge gap through resources and education that address the financial priorities of the LGBTQ+ community.
PRIDE MONTH TOOLKIT AND BEYOND
HELPFUL RESOURCES
Log in for more information that can show employees how to balance multiple financial priorities.
LGBTQ+ COMMUNITY
Find tips, tools, and resources designed to help your employees save more, plan better, and gain confidence in reaching financial goals on the LGBTQ+ Community Page.