Tackling the LGBTQ+ wealth gap: What role does career choice play?
According to Prudential’s 2018 Financial Wealth Statistics Survey, wage disparities across industries are especially stark for LGBTQ+ people, with 1 in 7 LGBTQ+ men holding high-paying jobs compared to 1 in 7 non-LGBTQ+ men. There is only one in 25 people. With less money flowing into the LGBTQ+ community than other demographics, how can the community achieve economic growth and success? In this episode of Living Not So Fabulously, hosts ‘s David and John Auten Schneider sit down with Merrill Lynch financial advisor Ari Linder to explore the financial realities of choosing a seemingly benign career over a financially secure career. Linder explained why LGBTQ+ people tend to choose career paths that pay less. This is exactly what led Linder to pivot from social work to financial advising. “We want to solve problems for those of us who may feel disadvantaged, discriminated against or pushed down,” they explain. did. In his work as a financial advisor, Linder focuses on supporting communities with unique needs. For them, being transgender gives them a deeper connection with their customers, explaining, “It’s not just about economics, it’s about understanding the life challenges that come with being part of the LGBTQ+ community.” Don’t miss this powerful episode about how financial planning can mean financial freedom. Living Not So Fabulously digs into real money stories with activists, allies, artists, tech gurus, and trailblazers from the LGBTQ+ community, offering concrete tips for tackling wallet problems. To watch all episodes of Living Not So Fabulously, listen on our website or listen on your favorite podcast platform. Yahoo Finance’s Living Not So Fabulously is created and produced by Rachael Lewis-Krisky.
