46% of People Say That Their Mental Health Will Be Affected the Most If Student Loans Are Not Reversed
Additionally, more than half of survey respondents said they will need to take on a second job to make their loan repayments
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Navigating the Financial World as an LGBTQ+ Individual
It’s no secret that being a member of the LGBTQ+ community comes with unique challenges. But did you know that those challenges extend all the way to your finances?
It’s true.
In 2018, an Experian survey revealed that respondents faced higher rates of identity-based discrimination leading to trouble:
A 2023 survey supported these findings, suggesting that LGBTQ+ individuals are highly likely to struggle with homelessness, poverty, and starting families.
This is a sad reality that, in our opinion, isn’t changing quickly enough. Fortunately, there are resources out there to help – and we’re here to point the way.
First, a shameless plug for ourselves.
Cleo fosters an inclusive community built around one principle: to help everyone – everyone – achieve their money goals. We want everyone, regardless of identity to have the opportunity to build credit, access affordable cash, and more. And we do it all through a pretty sweet financial app, complete with a pizza emoji cursor.
If you've been hit with an unexpected expense, Cleo could spot you* up to $250**. No credit checks, no interest, no stress. 💙
Eligibility requirements apply.
But enough about us. From family-building grants to affirming banks, these resources can help you manage your money and achieve your goals, you-style.
In recent years, many financial institutions have grown more inclusive to the LGBTQ+ community. If you’ve been around a while, you know that Cleo isn’t the biggest fan of the big banks, still we’ve plucked out a few that go above and beyond to implement inclusive policies for both their customers and their employees.
Many people could use a little financial management assistance, but most firms aren’t well-versed in unique LGBTQ+ needs. But these organizations pride themselves on standing out from the crowd.
While many college campuses proudly support LGBTQ+ pride, their high price tags maintain their exclusivity. Several organizations offer financial aid specifically for members of the LGBTQ+ community to help overcome this barrier.
Housing discrimination is illegal – but that doesn’t mean it doesn’t happen. The following resources help tackle LGBTQ+ housing injustice from different angles.
Many gay, lesbian, and trans couples have had their hopes of starting a family dashed by outrageous price tags and discriminatory family planning clinics. If you want to adopt, find a surrogate, or receive fertility assistance, these resources can help.
Taking steps to make sure you have the resources to car for yourself is important, but how you handle that money makes a huge difference. The following resources impart both general and queer-specific financial knowledge to put you on the path to success.
LGBTQ+ rights have come a long way in the last decade, but the fight for equality and fair treatment is far from over. These inclusive financial resources can help you find your footing and make your own path in the world. And Cleo will be right there with you, every step of the way.
Enjoy this post? Def give it a share or send it along to a friend. You never know, it could make a big difference. Big love. Cleo 💙
*The Cleo Plus subscription offers saving goals, hacks, challenges, APY on savings, credit score insights, and access to cash advances if eligible.
**Subject to eligibility. Amounts range from $20-$250, and $20-$100 for first-time users. Amounts subject to change. Same day transfers subject to express fees.
Additionally, more than half of survey respondents said they will need to take on a second job to make their loan repayments
Manifesting our dream house on Sunset Boulevard while we cry broke people tears
And so is your bank balance