{"id":1759,"date":"2012-12-07T16:21:57","date_gmt":"2012-12-07T16:21:57","guid":{"rendered":"http:\/\/gay.blogs.cam4.com\/?p=1759"},"modified":"2012-12-07T16:21:57","modified_gmt":"2012-12-07T16:21:57","slug":"gay-people-earn-more-owe-less","status":"publish","type":"post","link":"https:\/\/www.cam4.com\/blog-gay\/2012\/12\/gay-people-earn-more-owe-less\/","title":{"rendered":"Gay people earn more, owe less"},"content":{"rendered":"

They earn more, save more, have less debt and are better prepared for retirement, according to a Prudential survey of more than 1,000 LGBT respondents.<\/p>\n

Respondents not only reported significantly higher annual incomes — $61,500 compared with the national median of $50,054 — but they also carried about $4,000 less in debt than the average American and had $6,000 more in household savings. They were even slightly more likely to have jobs in the first place, with an unemployment rate of 7% versus the national rate of 7.9%, Prudential found.<\/p>\n

A combination of factors play into this, said Michele Meyer-Shipp, chief diversity officer at Prudential. To start, LGBT individuals are generally well-educated, with more than half of respondents receiving at least a bachelor’s degree, and tend to live in higher-income areas, she said. <\/strong><\/p>\n

“It flows down — you have a higher level of education, access to higher paying jobs in areas where there are good salaries, and more disposable income to allocate to things like saving and retirement,” Meyer-Shipp said.<\/p>\n

Uncertainty about the future of gay rights likely also prompts many members of the <\/strong>LGBT <\/strong>community to be especially prudent with their money, Meyer-Shipp said.<\/p>\n

Among their top financial concerns, respondents cited a lack of Social Security or pension survivor benefits, legislation that negatively affects LGBT finances and unfair tax treatment.<\/p>\n

Thanks to the Defense of Marriage Act (DOMA), a 1996 law that defines marriage as solely between a man and a woman, same-sex couples are barred from getting many of the same federal benefits that opposite-sex married couples receive, including survivor benefits and certain tax exemptions.\u00a0 Read More<\/a><\/p>\n

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They earn more, save more, have less debt and are better prepared for retirement, according to a Prudential survey of more than 1,000<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12003],"tags":[],"class_list":["post-1759","post","type-post","status-publish","format-standard","hentry","category-news-humor","news-humor"],"_links":{"self":[{"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/posts\/1759","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/comments?post=1759"}],"version-history":[{"count":3,"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/posts\/1759\/revisions"}],"predecessor-version":[{"id":1763,"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/posts\/1759\/revisions\/1763"}],"wp:attachment":[{"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/media?parent=1759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/categories?post=1759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cam4.com\/blog-gay\/wp-json\/wp\/v2\/tags?post=1759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}