It's no secret that LGBTQ+ people face a range of financial challenges that heterosexual people simply don't need to contend with.
Less discussed are the effects of financial discrimination on building LGBTQ+ generational wealth. The stereotypical view of a wealthy gay couple with no children and a sizable disposable income is just that — a myth.In reality, the American Dream — buying a home, getting married, having kids, finding a good job, and investing in a 401(k) — is out of reach for many LGBTQ+ people, according to a survey by TD Ameritrade.
Almost two thirds (35%) of LGBTQ+ millennials say they are unlikely to achieve these goals by age 40, compared to fewer than half of straight millennials.