CONTACTAbout UsCAREER OPPORTUNITIESADVERTISE WITH USPRIVACY POLICYPRIVACY PREFERENCESTERMS OF USELEGAL NOTICE
© 2025 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."
From our Sponsors
Most Popular
31 Period Films of Lesbians and Bi Women in Love That Will Take You Back
December 09 2024 1:00 PM
18 of the most batsh*t things N.C. Republican governor candidate Mark Robinson has said
October 30 2024 11:06 AM
True
After 20 years, and after tonight, Obama will no longer be the Democrats' top star
August 20 2024 12:28 PM
Trump ally Laura Loomer goes after Lindsey Graham: ‘We all know you’re gay’
September 13 2024 2:28 PM
Melania Trump cashed six-figure check to speak to gay Republicans at Mar-a-Lago
August 16 2024 5:57 PM
Latest Stories
Karine Jean-Pierre gives emotional final White House Press Briefing
January 15 2025 5:29 PM
Pam Bondi promises to 'respect the law' on marriage equality in Senate confirmation hearing
January 15 2025 5:02 PM
5 key takeaways from President Joe Biden's farewell speech
January 15 2025 9:29 PM
Virginia lawmakers pass marriage equality, abortion & voting protections
January 15 2025 5:17 PM
Meta is now a fake news free-for-all after company shuts down anti-misinformation technology
January 15 2025 2:03 PM
​Reclaiming the Mosaic: Dr. Tyler TerMeer on the weight of intersectional leadership
January 15 2025 6:34 PM