CONTACTStaffCAREER OPPORTUNITIESADVERTISE WITH USPRIVACY POLICYPRIVACY PREFERENCESTERMS OF USELEGAL NOTICE
© 2024 Pride Publishing Inc.
All Rights reserved
All Rights reserved
By continuing to use our site, you agree to our Private Policy and Terms of Use.
Gay, lesbian, bisexual, and transgendered consumers are more anxious about their finances than straight people, according to results of a consumer survey released Tuesday. The poll, conducted online between July 23 and July 29 by market research firms Harris Interactive and Witeck-Combs Communications, found that when it comes to financial institutions, gay people are more concerned than their nongay counterparts about individual privacy, are more dissatisfied with financial services, and are less likely to trust their financial institutions to fully respect them. In addition, self-identified gay investors are more likely to be anxious over poor investment decisions made in the past than nongay investors. Of the 2,191 adults surveyed, about 6% self-identified as gay, lesbian, bisexual, or transgendered. Nearly four out of 10 gay consumers (39%) stated dissatisfaction with the assistance given to them by financial institutions, compared with three out of 10 nongay consumers. Similarly, 40% of gay consumers do not trust financial institutions to respect "customers like them," compared with 32% of nongay customers. "These survey findings don't surprise me at all," said Walter Schubert, founder of GFN.com, the Gay Financial Network. "Financial services companies have yet to fully understand that the needs and perceptions of GLBT Americans are very different from others'. Unfortunately, in the year 2002, lesbians and gays remain under the boot of legalized discrimination and continue to be unusually sensitive and protective in matters dealing with personal finance."
Want more breaking equality news & trending entertainment stories?
Check out our NEW 24/7 streaming service: the Advocate Channel!
Download the Advocate Channel App for your mobile phone and your favorite streaming device!
From our Sponsors
Most Popular
Here Are Our 2024 Election Predictions. Will They Come True?
November 07 2023 1:46 PM
Meet all 37 of the queer women in this season's WNBA
April 17 2024 11:24 AM
17 Celebs Who Are Out & Proud of Their Trans & Nonbinary Kids
November 30 2023 10:41 AM
Here Are the 15 Most LGBTQ-Friendly Cities in the U.S.
November 01 2023 5:09 PM
Which State Is the Queerest? These Are the States With the Most LGBTQ+ People
December 11 2023 10:00 AM
These 27 Senate Hearing Room Gay Sex Jokes Are Truly Exquisite
December 17 2023 3:33 PM
10 Cheeky and Homoerotic Photos From Bob Mizer's Nude Films
November 18 2023 10:05 PM
42 Flaming Hot Photos From 2024's Australian Firefighters Calendar
November 10 2023 6:08 PM
These Are the 5 States With the Smallest Percentage of LGBTQ+ People
December 13 2023 9:15 AM
Here are the 15 gayest travel destinations in the world: report
March 26 2024 9:23 AM
Watch Now: The Daily
Trending stories from our video partner Advocate Channel.
For more videos and shows go to advocatechannel.com.
Trending stories from our video partner Advocate Channel.
For more videos and shows go to advocatechannel.com.
Latest Stories
Biden will hammer Trump over abortion bans in Florida speech
April 23 2024 5:00 AM
Tristan Snell, who brought down Trump University, sees conviction in hush money case
April 22 2024 7:36 PM
Joe Biden admin marks Earth Day with major environmental initiatives
April 22 2024 4:18 PM
Texas Gov. Greg Abbott: 'We want to end' trans and gender nonconforming teachers
April 22 2024 4:13 PM
Nonbinary 17-year-old killed two years after being reported missing
April 22 2024 3:46 PM