What’s Missing in the LGBTQ Community?

Is something missing in the LGBTQ community?

The queer community’s known for being a little extra, but what’s missing in the LGBTQ community? You may be surprised. Find out on the Queer Money. Start your journey to financial independence by getting rid of any credit card debt with the free, 7-Step Credit Card Debt Slasher.

What opportunity is the LGBTQ community missing out on?

The National Endowment for Financial Education or NEFE’s recent survey of LGBTQ+ people found that 47% of respondents haven’t had the opportunity to take financial education courses or training anytime, anywhere.

What’s behind this lack of financial education among the queer community? And what can we do to get up to speed and turn our financial lives around?

Dr. Billy Hensley is President and CEO of NEFE, a nonprofit committed to advancing effective financial education and promoting financial well-being.

On this episode of Queer Money®, Dr. Hensley joins us to discuss NEFE’s 2022 LGBTQIA+ Experiences with Financial Education and Services Survey and share some of his key takeaways from the study.

Dr. Hensley offers insight on what financial services can do to better serve the queer community, explaining why it’s crucial to tell the story of the LGBTQ+ money experience and how to make financial education more accessible and inclusive.

Listen in to understand the value of a good financial education and learn how the queer community can use the NEFE data to advocate for ourselves!

Listen to our conversation with Dr Hensley

Topics Covered

What inspired NEFE to study the financial wellness of the queer community
How the LGBTQ+ community experiences discrimination in financial services at twice the rate of the general population
What the financial services industry can do to better serve the queer community
How Dr. Hensley interprets the fact that 47% of LGBTQ+ survey respondents said that their quality of life was what they expected it to be
How the perception of LGBTQ+ financial well-being differs from the reality
Why it’s crucial to tell the story of the queer money experience and recruit minorities to work in financial services
Dr. Hensley’s take on why 45% of LGBTQ+ survey respondents haven’t taken financial education courses or training
Why a good financial education is more valuable than making a lot of money
How the LGBTQ+ community can use the NEFE data to advocate for ourselves
How NEFE is using this data to inform further research and give voice to the queer community

Watch this week’s episode

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Resources

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Connect with David and John

We’re David and John Auten-Schneider, the Debt Free Guys (www.debtfreeguys.com) 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.