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
- 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
Previous 3 Podcast Episodes
- How to Spend Responsibly This Season
- How to Share Your Money Goals with Friends & Family
- How to Invest as a Service Industry Professional
- NEFE’s LGBTQ Money Study
- College for Financial Planning
- CNBC Financial Wellness Council
- Debt Free Guys-Motley Fool LGBTQ+ Money Study
- Kate Anthony on Queer Money® EP350
- The Association for Financial Counseling & Planning Education
- Chloe B. McKenzie
- Libby App
- Get Good with Money by Tiffany Aliche
- The Psychology of Money by Morgan Housel
- How to Money by Jean Chatzky and Kathryn Tuggle
- Jean Chatzky and Kathryn Tuggle on Queer Money® EP340
- The Richest Man in Babylon by George S. Clason
Connect with Dr. Hensley
Connect with David and John
- Debt Free Guys on Youtube
- Queer Money Facebook Group
- Queer Money on Instagram
- Subscribe on Apple Podcasts
- Email [email protected]
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.