Financial Literacy: Tips and Tricks for LGBT Elders
April is Financial Literacy Month, and we’re commemorating the occasion with a series of blog posts from DEC members about economic security and financial resources for our elders. Today’s blog post originally appeared on the SAGE blog.
It’s critical for LGBT older adults to become more financially literate as they age. According to the SAGE report, Out and Visible: The Experiences and Attitudes of Lesbian, Gay, Bisexual and Transgender Older Adults, Ages 45-75, nearly half of all LGBT older people fear they will outlive the money they save for retirement, as compared to a quarter of non-LGBT older people; 1 in 2 single LGBT older people believe they will have to work well beyond retirement age, as.... Read More