Baby boomers are approaching retirement age. This is a generation that has already seen massive social upheaval and gains in equal rights. They will have to contend with a new set of challenges. Recent court victories have made some financial aspects of gay retirement more secure. However, the number of LGBT adults aged 65 and older is expected to exceed three million by 2030. There are still important questions about housing and finances that we’re just beginning to figure out.
Gay Retirement by the Numbers
Circumstances for gay retirees have improved, but nothing gets fixed overnight. For decades gay baby boomers missed out on tax breaks, faced discriminatory laws, and endured insurance disparities. This has left a wide gap in income and circumstances for LGBT retirees. For instance:
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