Pride Month: Supporting LGBTQ+ financial wellness

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The financial needs of the LGBTQ+ community may not receive sufficient attention, yet many facets of this community are unique in terms of financial planning needs and need to be specifically addressed. That’s why it’s especially important for employers and leaders to include this community in conversations around benefits and understand the many financial twists and turns that LGBTQ+ workers may face.

Research from Experian shows that the majority (62%) of LGBTQ+ individuals say they have faced financial challenges due to their gender identity or orientation, and the Human Rights Campaign Foundation has found that LGBTQ people are more likely than the general population to feel their personal finances are worse now than they were a year ago. Meanwhile, in a 2021 E*TRADE survey,3 over one third (35%) of LGBTQ investors said finding someone to trust is the biggest challenge when it comes to investing , and over half (55%) are interested in companies with a strong environmental, social, and corporate governance programs.