Gallery: 8 Issues Keeping LGBT Investors Up At NightNov 13, 2013
In the almost six months since the Supreme Court struck down DOMA—an action that gave same-sex couples access to over 1,000 federal marriage benefits—LGBT investors’ views are more optimistic than other U.S. investors.
In a recent study of over 500 LGBT investors, UBS found that 67 percent of LGBT investors were optimistic on the long-term outlook of the U.S. economy, compared to 57 percent of other investors.
Additionally, LGBT investors are more confident in their own financial future, with 59 percent saying they are highly confident, compared to 52 percent of other investors. The study also found that financial advisors are playing a role in that confidence, with 77 percent of LGBT investors saying they were extremely or highly satisfied with their advisor.
But there’s work to be done, as only 57 percent of LGBT investors say they are highly satisfied. LGBT investors are also concerned with several key personal finance issues, even if they are confident in the overall economic outlook. Here are the top eight concerns these investors stress over.