Local LGBTQ residents and advocates generally agreed with the report, but also cited some difficulties retirees might face.
The report used several metrics to determine
The report states, "The county of
Before they met each other in 2000 in
"Our love for
Generally, people tend to retire where they work, said
LGBTQ community members tend to have fewer resources, she said.
They also have a lot less family to rely upon: Aging presents unique challenges for the LGBTQ population, she said. Studies show 85% of long-term care to heterosexuals is provided by adult children and spouses, Borden said. .
Borden pointed to
"We have some very good programs for people who live here," said Borden, who identified herself as a member of the LGBTQ community.
She said the growing support for lesbian, gay, bisexual and transgender rights is helping develop LGBTQ-friendly senior housing properties nationally, and many states have developed affordable housing targeted for the LGBTQ community.
"I hope someone will develop this in
Moore said lesbians tend to be less prepared for retirement financially. Women traditionally have faced discrimination in workplaces, and they've been trapped in professions that don't pay well. Often they also don't have a family, which denies them the benefits of a family income, she said. Less income means fewer opportunities to save and invest, she said.
Recently, Out Boulder organized a workshop on financial planning for those 50 and older.
"There are a lot of limited-income LGBTQ older adults in
Many of those with limited incomes choose to live in
"We are launching a new volunteer program called Rainbow Connections, where LGBTQ+ or allied community members provide volunteer services to isolated or compromised LGBTQ+ older adults through weekly phone calls, visits and/or outings," Chifalo said.
Members of the LGBTQ community generally make less money compared to heterosexuals, according to a 2018 Financial Wellness Census by Prudential. "Half of the LGBTQ respondents in our sample reported that their household income was below
The Prudential census also reported despite comparable access to workplace retirement plans, LGBTQ respondents are saving less for retirement than their non-LGBTQ counterparts.
It's because the LGBTQ community traditionally faced discrimination based on gender and sexual orientation, said Roberts of
"LGBTQ people had nowhere to go. With marriage equality they can take advantage of all financial planning techniques," Roberts said.
Roberts, who described himself as a straightish-ally of LGBTQ, said as more and more people realize they have family and friends who identify as LGBTQ, they would become allies.
"They are needed to help drive a positive change," he said.
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