Queer people are more likely to go into their overdrafts


More than 1,000 people were surveyed by OverdraftApps.com in 2018, of which 11% identified as LGBT+. And among these 11% the proportion of those who go into overdrafts is usually much higher than among the general population. 47% of LGBT people have never gone into overdrafts, while among straight people the proportion is vice versa – 46% dealt with it. Around 18% of the LGBT+ community said they went into their overdraft three to nine times in the last year, in comparison to 12% of non-LGBT+ people, which is especially significant if to consider that according to the same research LGBT employees averagely earn less than straight colleagues. Around 25% of the LGBT+ respondents surveyed said they earned less than $25,000 (£19,000), compared to 14% of the general population. The survey found 32% of the general population said they earned between $50,000 and $75,000 (£38,000 and £57,000), whereas only 25% of LGBT+ said the same.


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