Freakonomics: Are Gay Men Really Rich?

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    Dec 12, 2013 7:12 PM GMT
    Interesting -

    http://freakonomics.com/2013/12/12/are-gay-men-really-rich-a-new-freakonomics-radio-podcast/
    http://freakonomics.com/2013/12/12/are-gay-men-really-rich-full-transcript/
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    Dec 12, 2013 8:10 PM GMT
    That was a very interesting link, although it is a shame they couldn't be sure about the results (I understand why).

    I have been wondering this for many years. I think nowadays many gay guys prefer to apply to large multinationals with a good understanding of discrimination laws and diversity policies. If I see a company boast about their LGBT policies (over and above the part everyone says) then I do fill in the diversity questionnaire to say I am gay, and maybe it has helped me get an interview (or maybe not).
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    Dec 12, 2013 8:10 PM GMT
    Overall, men make more money than women, so two men in a relationship may have a higher income than a hetero couple. Gay men don't have the expenses involved raising children: food, clothing, entertainment, schooling, etc. The money is all theirs. But the article also explains that some gay men are employed in traditionally female occupations which pay less, so it's kind of contrary.

    In the long run, a hetero couple may have less income over their lives depending on how much time off the woman takes from work after having a child or children. Also, hetero couples can have many kids compared to a gay couple who may only adopt one or two, or use a surrogate. But then again, adopting and surrogacy are very expensive. Hard to figure!

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    Dec 12, 2013 8:15 PM GMT
    I think once you get to a certain level in a company, the married 2.4 children execs look to hire in their own image (subconsciously), and they will think John needs the pay rise for his children, or similar nonsense.
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    Dec 13, 2013 3:50 PM GMT
    Draper saidOverall, men make more money than women, so two men in a relationship may have a higher income than a hetero couple. Gay men don't have the expenses involved raising children: food, clothing, entertainment, schooling, etc. The money is all theirs. But the article also explains that some gay men are employed in traditionally female occupations which pay less, so it's kind of contrary.

    In the long run, a hetero couple may have less income over their lives depending on how much time off the woman takes from work after having a child or children. Also, hetero couples can have many kids compared to a gay couple who may only adopt one or two, or use a surrogate. But then again, adopting and surrogacy are very expensive. Hard to figure!

    I agree with part of this but I would say that probably most gay men make significantly less than str8 men. If they're in the same job, then presumable they make equal but I'm not sure gay men have nearly the same percentage of better paying jobs as str8 men. I'm guessing that most make less then married women make also.

    The part about a family (kids) is very accurate. The cost of children is ENORMOUS! It doesn't stop when they hit 18 either. Children are very expensive but the payoff is the joy of having them and watching them grow to adulthood and begin their own families. Then you add the cost of grandchildren, a little bit less expensive but so damn cute! LOL

    Two gay men with good jobs living together do have a large amount of expendable income. This is exactly why business are realizing that advertising to the gay community will pay off. Look at the cruise lines for example, they love gays!! If you thought it was just because we're all so hot…think again, it's our wallet that's hot to them.
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    Dec 13, 2013 4:08 PM GMT
    Gay men may often take either 2 paths:

    1 - They may place their full focus on career, if they choose not to start a family.

    or

    2- They might settle for a lesser-paying job/career, since they will not be feeling the pressure to support a family.

  • tckrguys

    Posts: 133

    Dec 13, 2013 8:57 PM GMT
    According to the Experian Marketing Services Simmons LGBT 2-year study the median household income in the US is $66,400 and the average is $90,300.

    If we break this down for gay men the median is $82,100 with an average of $106,000. Lesbians are below the total with a median of $61,800 and average of $84,500. We can also look at heterosexuals with a median of $66,800 and average of $90,800.

    If we look at discretionary spend estimates gays fall in the $10,000 - $14,999 annual discretionary range with an average and median of $17,008 and $13,997.

    Lesbians fall in the less than $7,000 category with an average and median of $14,200 and $11,656.

    Heterosexuals are in the $10,000 - $14,999 range with average and median of $17,140 and $14,010.

    So while gay men have a higher household income they are about equal with heterosexuals in the discretionary spend area and lesbians are lower for both household income and discretionary spending.
  • conservativej...

    Posts: 2465

    Dec 13, 2013 9:31 PM GMT
    A pretty interesting article, especially in regards to those "ammenities." When I was a much younger guy I actually purchased a condo so I would have a place to crash in the city near the bar scene. There was a clothing store down the street called "Boy Next Door." I might add that at age 55, I can still slip into those 28 inch waist jeans. icon_cool.gif
  • ai82

    Posts: 183

    Dec 13, 2013 9:54 PM GMT
    Rich or in debt.
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    Dec 13, 2013 10:23 PM GMT
    tckrguys saidAccording to the Experian Marketing Services Simmons LGBT 2-year study the median household income in the US is $66,400 and the average is $90,300.

    If we break this down for gay men the median is $82,100 with an average of $106,000. Lesbians are below the total with a median of $61,800 and average of $84,500. We can also look at heterosexuals with a median of $66,800 and average of $90,800.

    If we look at discretionary spend estimates gays fall in the $10,000 - $14,999 annual discretionary range with an average and median of $17,008 and $13,997.

    Lesbians fall in the less than $7,000 category with an average and median of $14,200 and $11,656.

    Heterosexuals are in the $10,000 - $14,999 range with average and median of $17,140 and $14,010.

    So while gay men have a higher household income they are about equal with heterosexuals in the discretionary spend area and lesbians are lower for both household income and discretionary spending.

    Wow, I'm really surprised, but happy, to see the median income as high as it is for gays. Maybe I just know too many younger guys that seem to entry level type positions. I need some older career oriented friends! LOL
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    Dec 13, 2013 11:24 PM GMT
    I think it depends on the job/career most gay men are in. But yeah, gay people have more disposable income to travel, eat out, buy whatever they want. Most gays don't have kids! But yeah there are poor, average, rich gays like in the straight community. I have a couple of high white collar friends. They make pretty good money, it's all going into mortgages, gym membership, bills, food...etc. Don't get me started on guys who started paying back their student loans!