A new study was just released today down by professors at the University of Michigan and the Williams Institute (UCLA). The study shows quite profoundly that the myth that Gays and Lesbian are disproportionately wealth is not true at all.
"[They] used three different population-based (meaning findings can be generalized to the population) and publicly-funded data sources: the 2000 Census, the 2002 National Survey on Family Growth (NSFG), and the 2005 California Health Interview Survey (CHIS). Analyses from all three surveys confirm that large numbers of LGB men and women are living in poverty, perhaps as many as a quarter of lesbian/bisexual women and one in seven gay/bisexual men. We also find that lesbian/bisexual women are more likely than their heterosexual counterparts to receive public assistance."
"As each day seems to bring more glum news about home foreclosures, job losses, and recession, our findings suggest that LGBT people might be particularly vulnerable in this economic downturn. Policy initiatives designed to help struggling homeowners, enhance unemployment and public assistance benefits, and create new jobs should all be understood as an important part of the gay political agenda. Broadening engagement on these issues may be very important for the short-term needs of the LGBT community."
See the entire study and read more at Bilerico Project