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Thursday, November 27, 2014

LGBT Baby Boomers May Face Tough Retirement

Same sex couples may have impaired earning power due to decadesof workplace discrimination.AIDS crisis caused a lasting impact, especially to gay men, on their financial and psychological damage. Gay boomers are left unequipped for retirement.

Gays and lesbians have faced higher unemployment, lower wages and a workplace where discrimination based upon sexual orientation was common. While many corporations have nondiscrimination policies now, it is still legal to fire someone for their sexual orientation in 21 states, according to the American Civil Liberties Union.

As a result, gay men and women over 65 are more likely to end up in poverty. Lesbians, who face wage discrimination because of both their gender and sexual orientation, are even more vulnerable.

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