Windy City Media Group Frontpage News
Celebrating 30 Years of Gay Lesbian Bisexual and Trans News
home search facebook twitter join
Gay News Sponsor Windy City Times 2018-11-14
DOWNLOAD ISSUE
About WCMG Publications News Index  Entertainment Features Bars & Clubs Calendar Videos Advertisers OUT! Guide    Marriage

Sponsor
Sponsor

  WINDY CITY TIMES

Report examines LGBT spending habits
2018-09-12

facebook twitter google +1 reddit email


A new Experian survey on LGBTQ financial planning suggests that most members of this country's LGBTQ community may be more inclined to spend money than save it.

Asked to characterize their habits on a zero to 10 scale, with zero denoting "spender" and 10 indicating "saver," 52 percent of LGBTQ respondents placed themselves in the six-to-10 "saver" range. However, responses to more detailed follow-up questions gave a decidedly different impression:

—For example, 44 precent of LGBTQ respondents said they struggle to maintain adequate savings, versus 38 percent of the general population; and

—LGBTQ respondents estimated they devote 16 percent of monthly income to discretionary spending, but just 11 percent to saving or investment.

Also, in responses consistent with their reported anxiety over spending habits, LGBTQ respondents in the 25-to-34 and 35-to-44 age rated discretionary spending more important than their older counterparts in a wide variety of categories, including clothing, hobbies, health and fitness, and home decor. Dining out was named as a significant source of overspending for 46 percent of all LGBTQ respondents.

The original report is at www.experian.com/blogs/ask-experian/lgbtq-money-survey-attitudes-challenges-and-opportunities/ .


facebook twitter google +1 reddit email





Windy City Media Group does not approve or necessarily agree with the views posted below.
Please do not post letters to the editor here. Please also be civil in your dialogue.
If you need to be mean, just know that the longer you stay on this page, the more you help us.


  ARTICLES YOU MIGHT LIKE

Gay News

Forum focuses on LGBT seniors' housing and legal rights 2018-11-21 - The renewed attacks on the LGBT community by right-wing elements in recent years, just as many LGBT persons who are aging will rely ...


Gay News

LGB adults half as likely to have guns at home compared to heterosexuals 2018-11-20 - LGB adults are more likely than heterosexuals to support gun control policies. An estimated 18.8% of lesbian, gay, and bisexual ( LGB ...


Gay News

Congresswomen, civil-rights leaders, black trans woman demand protections for Black LGBTQ community 2018-11-20 - WASHINGTON—In honor of Transgender Awareness Week ending Nov. 17, the National Black Justice Coalition ( NBJC ) and and the Congressional Caucus on ...


Gay News

Illinois HIV Care Connect offers Good Health Is More Than Health Care Quiz, resouces 2018-11-20 - Springfield, Ill. — As part of a continuing effort to assist people living with HIV who are affected by social determinants of health, ...


Gay News

Missing woman last seen in River West 2018-11-20 - Stephanie "Stevie" Acosta, 26, was reported missing Nov. 19 after she was last seen in Chicago's River West area, in the 500 block ...


Gay News

Always Andersonville Pledge Local Campaign begins holiday schedule Nov. 24 2018-11-16 - CHICAGO ( November 16, 2018 ): Over 100 Andersonville businesses are featured in the Andersonville Chamber of Commerce's ( ACC ) holiday programming ...


Gay News

Weiss psychologist earns WPATH award 2018-11-14 - Weiss Memorial Hospital's Randi Ettner, Ph.D., received the Distinguished Education and Advocacy Award from the World Professional Association For Transgender Health ( WPATH ...


Gay News

Erie marks success in HIV-suppression rates 2018-11-14 - BChicago-based Erie Family Health Centers announced in late October that it had reached its highest-ever success rates—about 93.4 percent—in HIV-positive patients achieving suppressed ...


Gay News

Komen raises $600K during October 2018-11-14 - Throughout October, Komen Chicago raised more than $600,000 during this year's Breast Cancer Action Month. These funds come in large part from Komen ...


Gay News

The National LGBT Chamber of Commerce honoring Heels & Hardhats 2018-11-14 - The National LGBT Chamber of Commerce ( NNGLCC ) will be honoring several organizations during the 2018 NGLCC National Dinner—including local company Heels ...


 



Copyright © 2018 Windy City Media Group. All rights reserved.
Reprint by permission only. PDFs for back issues are downloadable from
our online archives. Single copies of back issues in print form are
available for $4 per issue, older than one month for $6 if available,
by check to the mailing address listed below.

Return postage must accompany all manuscripts, drawings, and
photographs submitted if they are to be returned, and no
responsibility may be assumed for unsolicited materials.
All rights to letters, art and photos sent to Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago
Gay and Lesbian News and Feature Publication) will be treated
as unconditionally assigned for publication purposes and as such,
subject to editing and comment. The opinions expressed by the
columnists, cartoonists, letter writers, and commentators are
their own and do not necessarily reflect the position of Nightspots
(Chicago GLBT Nightlife News) and Windy City Times (a Chicago Gay,
Lesbian, Bisexual and Transegender News and Feature Publication).

The appearance of a name, image or photo of a person or group in
Nightspots (Chicago GLBT Nightlife News) and Windy City Times
(a Chicago Gay, Lesbian, Bisexual and Transgender News and Feature
Publication) does not indicate the sexual orientation of such
individuals or groups. While we encourage readers to support the
advertisers who make this newspaper possible, Nightspots (Chicago
GLBT Nightlife News) and Windy City Times (a Chicago Gay, Lesbian
News and Feature Publication) cannot accept responsibility for
any advertising claims or promotions.

 

 

 

TRENDINGBREAKINGPHOTOS

Sponsor
Sponsor
Sponsor
Sponsor


 



Sponsor

About WCMG Publications News Index  Entertainment Features Bars & Clubs Calendar Videos Advertisers OUT! Guide    Marriage


About WCMG      Contact Us      Online Front  Page      Windy City  Times      Nightspots      OUT! Guide     
Identity      BLACKlines      En La Vida      Archives      Subscriptions      Distribution      Windy City Queercast     
Queercast Archives      Advertising  Rates      Deadlines      Advanced Search     
Press  Releases      Event Photos      Join WCMG  Email List      Email Blast     
Upcoming Events      Todays Events      Ongoing Events      Post an Event      Bar Guide      Community Groups      In Memoriam      Outguide Categories      Outguide Advertisers      Search Outguide      Travel      Dining Out      Blogs      Spotlight  Video     
Classifieds      Real Estate      Place a  Classified     

Windy City Media Group produces Windy City Queercast, & publishes Windy City Times,
The Weekly Voice of the Gay, Lesbian, Bisexual and Trans Community,
Nightspots, Out! Resource Guide, and Identity.
5315 N. Clark St. #192, Chicago, IL 60640-2113 • PH (773) 871-7610 • FAX (773) 871-7609.