Ep 157: LGBTQ Money Matters

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 17 April 2019

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Did you know that one in two LGBTQ adults associate money with anxiety, which is significantly more than straight, cisgender people who do? That was just one of our important takeaways from the 2019 LGBTQ Money Matters Survey, which was driven by this week's guests, Tobin Low and Kathy Tu, hosts of the Nancy podcast and special series, Queer Money Matters. We discuss their findings, their stories and solutions for the increased costs the LGBTQ community often face when it comes to careers, parenthood, marriage, healthcare and more. In Mailbag, we discuss a hierarchy of how to use your tax return money with debt, emergency savings, retirement savings and family planning all in mind. Plus: Tax filing exemptions for expats. In Thrive, we’re talking about the “Failure to Launch” effect. In other words, what to do when parents are financially supporting their adult children for much longer than they thought they’d be...we discuss! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	You're listening to an Airwave Media Podcast.
0:04.0	Her money is supported by Fidelity Investments. We want you to demand more from your money,
0:16.6	so start by knowing what you own and what you owe.
0:20.1	We'll help you take the next step at fidelity.com slash demand more now.
0:25.0	Her money comes to you through PRX. Hey everybody it's Gene Chatsky.
0:35.0	Welcome to her money.
0:41.0	Very excited to have all of you along today and I'm just excited to do
0:46.2	this show because it's one that Kelly and I have been talking about doing for a very long time.
0:52.0	One of our big goals, big big goals on this show is to reduce your
0:57.8	anxiety around money and that is removing the shame, removing the guilt, which we have talked about
1:04.9	as being a useless, completely useless emotion.
1:09.2	Turn off that negative radio that all of us
1:12.4	or at least far too many of us have playing in our heads
1:16.0	when it comes to taking control of our finances.
1:20.0	All of this is to say that we know, we know people experience money anxiety, we know women
1:27.6	experience money anxiety, but what we didn't know was that members of the LBGTQ community experience more money anxiety.
1:38.6	We picked up that piece of knowledge from the 2019 LGBTQ Money Matter survey that one in two adults in this
1:47.6	community associate money with anxiety 52% whereas just 41% of straight cis gender people do, which by the way is too high a number, but you get my point.
2:00.0	After hearing this along with a number of other troubling findings, we just knew that we had
2:05.5	to turn this into a big conversation, which is why I am so happy to be here with Tobin Lowe and Kathy too. They are hosts of the podcast
2:16.1	Nancy on WNYC which partnered with Morning Consult to conduct this research.
2:23.6	And along with the research, they have a special series out called Queer Money Matters.
	...

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