FinTech Magazine July 2023 | Page 96

Creating an equitable financial services landscape The financial difficulties reported by LGBTQ + customers are compounded by broader problems that often put them at a disadvantage – for example , the LGBTQ + community endures a higher rate of unemployment in the US , census data shows , and experienced a greater frequency of job losses during the pandemic , according to analysis from Rutgers University . They are also underpaid compared to their non-LGBTQ + colleagues , earning just $ 0.90 in the dollar , according to the Human Rights Campaign Foundation .

“ CREATING A FINANCIAL SERVICES MARKET WHERE ALL PEOPLE FEEL SEEN AND REPRESENTED MEANS UNDERSTANDING THE UNIQUE CHALLENGES THAT PEOPLE IN THE LGBTQ + COMMUNITY FACE ”

ANDREW ARWAS DIRECTOR OF TRANSFORMATION , CHETWOOD FINANCIAL
96 July 2023