Financial challenges facing LGBTQ people and how to address them Finbarr Toesland | Contributing WriterCourtesy of National LGBT Media Association It’s no secret that LGBTQ people face a range of financial challenges that heterosexual people simply don’t have to contend with.
But 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 stereotype.
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.