The Gay Affluence Myth

Nathan McDermott debunks it:

In reality, gay Americans face disproportionately greater economic challenges than their straight counterparts. A new report released by UCLA’s Williams Institute [pdf] found that 29 percent of LGBT adults, approximately 2.4 million people, experienced food insecurity – a time when they did not have enough money to feed themselves or their family – in the past year. In contrast, 16 percent of Americans nationwide reported being food insecure in 2012. One in five gays and lesbians aged 18-44 received food stamps in the last year, compared with just over 1 in 4 same-sex couples raising children. The LGBT community has made huge political strides over the past decade, but in economic matters they still lag far behind the rest of the country.

Yes, that seems counter-intuitive to me. But that’s a function of my confirmation bias. And it’s one more reason why marriage matters. It consolidates wealth, and protects it. Interestingly, the data from UCLA show that bisexuals are worse off financially than gays and lesbians. Not sure what that means.