LGBTQ retirees struggle with financial security – Community News
Social Security

LGBTQ retirees struggle with financial security

Editor’s Note: This story originally appeared on SmartAsset.com.

While tremendous strides have been made in recent years toward achieving social and financial equality for LGBTQ Americans, the community’s history of marginalization has left many older LGBTQ people struggling with financial security, according to a new study from the United States. Illinois Chapter of the AARP and SAGE Publications.

“This groundbreaking research is a sobering reminder of how past events still play a role in the way LGBTQ adults 50+ live today,” said Mary Anderson, AARP Illinois Director of Outreach and Advocacy for Northern Illinois. “Due to decades of discrimination, LGBTQ seniors are lagging behind their non-LGBTQ counterparts when it comes to the health care they need, retirement savings, and care support as they age,”

The many struggles and historical setbacks against this population group, including same-sex marriage, have particularly prevented older adults from taking advantage of Social Security benefits.

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