Prudential Study Shows LGBT Wealth

LGBT advocates like to compare themselves to African Americans in what they claim is discrimination practiced against them. We know that African Americans were systematically left out of much of American life. Many were locked into crushing poverty that could be tied directly to their inability to get jobs, find proper housing, or advance their cause in courts, at the ballot box, or in the popular media.

LGBT advocates want us to believe the discrimination against them can somehow be compared to that.

Matthew Franck pointed out in these pages that recent Federal Court rulings scoff at the claim that LGBT persons are politically powerless. Frank quotes from the decision of Ninth Circuit Judge Robert Jones of Nevada who wrote in a recent decision:

The question of “powerlessness” under an equal protection analysis requires that the group’s chances of democratic success be virtually hopeless, not simply that its path to success is difficult or challenging because of democratic forces . . . . The relevant consideration is the group’s “ability to attract the attention of the lawmakers,” an ability homosexuals cannot seriously be said not to possess.

And now comes a new study from the financial services giant Prudential. The study looked at 1,401 LGBT persons aged 25-68 from “urban, suburban, and rural communities throughout the 50 states in August 2012.”

Rather than living in extreme poverty, or poverty of any kind, the study shows that gay individuals and couples are significantly better off than heterosexuals. They are more likely to be employed. They make significantly more money. They have much higher levels of disposable income and have more in savings.

The study found that the LGBT community is in relatively good financial health with a median household income of $61,500, above the median U.S. household income of $50,000. Although gay men report earning more than lesbians individually ($49,000 vs. $43,500 median personal income), when it comes to household income, lesbians, who are more likely to live in dual-income households, have higher household income ($63,700 vs. $62,300). While the combined household income of gay male couples is the highest overall at $103,000, these couples constitute a minority (19%) of the LGBT community.

A lawyer in Washington, D.C., recently said the LGBT folks are the most powerful minority group our country has ever seen. They are lauded in the media and in the popular culture. They are better off by any financial measure. And their cause is championed by what Fr. Neuhaus called the “prestige media.” They are honored and promoted not just at Ivy League schools but in just about every college setting in the United States. And those who oppose them? They are vilified, driven from their jobs and from the public square.

Let us hope that the Supreme Court, which has taken up this issue, looks carefully at the real and privileged position of the homosexual community in the United States. We should all be so discriminated against.