10 Jul 2015 17:54 IST

Finances top of mind for LGBT community in the US:survey

The survey sheds light on how marriage equality is shaping the attitudes, behaviors, and conversations of same-sex couples related to money and planning for their future

About 86 per cent of members of the LGBT community in the US believe that marriage-equality will improve the financial lives of same-sex couples, with 50 per cent citing financial security and benefits as a top reason for wanting to get married (love and commitment tops the list at 86 per cent), according to a survey from Wells Fargo & Company of Lesbian, Gay, Bisexual and Transgender (LGBT) Americans.

The survey sheds light on how marriage equality is shaping the attitudes, behaviors, and conversations of same-sex couples related to money and planning for their future.

The survey included an oversample of LGBT Americans currently in same-sex marriages (living in states that recognised same-sex marriage before the federal ruling) to explore the impacts so far of legalised marriage. About 70 per cent of the respondents reported, they feel better off financially.

The survey showed that 81 per cent of LGBT Americans see getting married as a big financial decision, and almost 89 per cent say it’s important to evaluate the financial implications of getting married before doing so. Read the whole report here

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