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On Gay Wealth

So the Prudential in the US has produced a very flawed study on gay people and concluded we have more money than our straight counterparts. I can already hear the usual suspects claiming this means we’re not oppressed.

 This study asked 1,000 gay people. 60% of which had a Bachelor degree or higher.

Do they really think 60% of all gay people have a degree?

Considering that the gay community faces (often legal) discrimination in the work place, huge rates of work place bullying, horrendously high mental health problems, depressing rates of homelessness (in some cities a full quarter of young homeless are GBLT), high rates of school drop outs, extreme levels of bullying at school, high levels of drug and alcohol addiction – tell me, what part of all this is a recipe for affluence?

 The problem is, again, the closet. One of the keys to coming out of the closet is feeling that it is safe and secure to do so. Wealth and, to a lesser extent, white collar jobs, are more likely to offer that security. Not always by any stretch and no money in the world will immunise you from homophobia. But someone with sufficient security, with sufficient backing of money, of education, or access to lawyers and simply having more options will obviously feel more secure in taking the risk and opening that closet door.

And even the Prudential’s study shows some effect of that insecurity – more saving, more plans for the future, more “what if” finances.

 Oh and affluent folk in general are also more likely to actually be in touch with a firm like the Prudential. Where did they drag up these 1,000 anyway?


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the only thing I see working in gay people's 'favor' as far as wealth is concerned is that as a group we are probably less likely to have children, which does free up some money that can be used for things like higher education. But even that is not necessarily a good thing, as there are probably many of us who would like to have kids but are opting not to because of fears about discrimination, lack of ability to adopt, lack of laws giving both parents equal rights, lack of ability to share benefits, etc (In my state same sex couples are not recognized for adoption, as a teacher I will be a public employee and unable to share any health etc benefits with my partner due to state laws banning recognition of same sex partners)

exactly, the only lack of expense we have, again, stems from extreme discrimination that makes it hard to impossible for us to actually raise children.

I think the same when reports claim that the 'actual percentage' of gay people in the population is like 3%, or whatever.
No honey, those are just the ones who told the truth.

Ye gods, 3%? What part of "closeted" do these people NOT understand?

Ha, I actually overestimated! Apparently the 'true' number is 1.5%.

Hah I wrote about that before:

the fun thing? If these stats are true that would mean every GBLT person in the UK had 3 gaydar profiles EACH

I've never been out at work. Never. I've always worked the kind of temp or agency jobs where I know for a fact they could fire me for it and I'd have no right to complain. The reason I'm stuck in a cycle of shitty jobs and half-completed education? Epic mental health issues caused by... homophobia while trying to learn!

Shit. Maybe I'm not gay or something...

Ah, selection bias, you strike again.

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