[Ep. 444] The Queer Guide to Financial Freedom with Nick Wolny

Did you know that the LGBTQ wage gap means that queer people earn 90 cents on the dollar, with trans women earning 60 cents on the dollar? If you didn’t, that’s because the unique financial obstacles faced by the LGBTQ community rarely gets the attention they deserve. To bring more awareness to it, I’ve invited Nick Wolny on the podcast to speak about it. He’s a finance columnist for Out Magazine and the author of Money Proud: The Queer Guide to Generate Wealth, Slay Debt, and Build Good Habits to Secure Your Future.

In this episode, Nick shares the systemic barriers many queer people face every day to build wealth, how the AIDS epidemic had a big impact on long-term financial planning in the community, and what we all can do as allies to make things more equitable in the future.

Takeaways

The LGBTQ wage gap is reported as 90 cents on the dollar.
This figure varies widely based on race and gender.
Asian men earn a dollar flat, while trans women earn 60 cents.
Intersectional identity plays a crucial role in wage disparities.
Flat statistics can be misleading without context.
Understanding the nuances of the wage gap is essential.
Different demographics experience the wage gap differently.
The Human Rights Campaign provides valuable data on this issue.
Wage disparities are a complex issue that requires deeper analysis.
Awareness of intersectionality can lead to better advocacy for equality.

Things I Mentioned in the Episode

Grab a copy of Nick’s book Money Proud: The Queer Guide to Generate Wealth, Slay Debt, and Build Good Habits to Secure Your Future
I’m giving away copies of all the books featured in this season of the podcast! To enter, visit jessicamoorhouse.com/contests
My free resource library, where you can find budget spreadsheets & more!
Apply to enroll in my investing course Wealth Building Blueprint for Canadians
Check out my shop!

Follow Nick Wolny

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