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The LGBTQ Money Study with The Motley Fool

Why now is the right time for an LGBTQ money study

What’s the state of financial wellbeing in the LGBTQ community post-COVID? Find out what we learned from the Motley Fool/LGBTQ Money Study. Start your journey to financial independence by getting rid of any credit card debt with the free, 7-Step Credit Card Debt Slasher.

LGBTQ money study results

32% of LGBTQ Americans stress about money every single day. 28% of us don’t have access to a company-sponsored retirement plan. And 56% of queer folks don’t have a non-retirement investing account. But 26% of LGBTQ Americans and 38% of transgender Americans make over $100,000 a year compared to 31% of Americans overall.

That’s just a few of the many stats from the newly published The Motley Fool/Debt Free Guys LGBTQ Money Study.

Jack Caporal serves as a Financial Research Analyst at The Motley Fool, a platform working to make the world smarter, happier and richer. Since its inception in 1993, The Motley Fool’s resources have helped millions of people achieve financial freedom.

On this episode of Queer Money®, Jack joins us to share his top takeaways from the LGBTQ Money Study, exploring why less than half of the queer community feels confident making financial decisions—and what we can do about it. We discuss the top two financial priorities of the LGBTQ community, describing what our research revealed about keeping up with the cost of living and saving money for emergencies and retirement.

Listen in for Jack’s insight on the importance of having financial role models in underserved communities and learn how to alleviate financial stress by putting your savings on autopilot and budgeting with a goal in mind.

Listen to us chatting with Jack about the LGBTQ money study:

Topics Covered

  • Why the Motley Fool partnered with us to conduct an LGBTQ money study
  • What differentiates our study from other research re: LGBTQ financial wellbeing
  • Jack’s top takeaways from our LGBTQ Money Study
  • Why less than half of the queer community feels confident making financial decisions—and what we can do about it
  • What the study revealed about the amount of financial stress we feel in the LGBTQ community
  • Why the queer community isn’t saving for emergencies or retirement (even though our household incomes are similar to the general population)
  • Jack’s advice on automating your savings and budgeting with a goal in mind
  • The disconnect between financial service firms’ corporate policies on inclusion/equity and our experiences of discrimination
  • Why it’s crucial for people in underserved communities to have financial role models
  • Why LGBTQ people are less likely to have a non-retirement investing account



Previous 3 Podcast Episodes


Connect with David and John


We’re David and John Auten-Schneider, the Debt Free Guys ( and hosts of the Queer Money® podcast. We help queer people (and allies) live fabulously not fabulously broke by helping them 1) pay off credit card debt, 2) become part- or full-time entrepreneurs and 3) save and invest for retirement.

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