This month’s money mood: Pride.

There’s not a lot of research out there, yet, about economic disparities between LGBTQIA+ people and others. But at least one survey has reported a 12% pay gap — twelve! — between cishet and LGBTQ respondents. That’s major.

It sounds obvious, but we have to talk about money when we talk about LGBTQIA+ equality. The pay gap, job discrimination, healthcare access, housing rights — money is a factor in all the issues that affect the lives of LGBTQIA+ folks. But there are still things we can do, on both individual and systemic levels, to help make things better.

This week, we’re sharing some ideas for how you — and we — can start to do that. To start, here are four things LGBTQIA+ people and allies can do today.

Happy Pride Month!

— The Ellevest Team

Two hands exchanging money in front of a laptop screen. Illustration.

Individual: Negotiate for what you deserve

Pay gaps are systemic, but it can still help to negotiate on our own behalf. A career coach will help you arrive at the negotiation table with all the tools and knowledge you need to do just that.

SIGN UP >

A woman leaning against the rim of a giant mug, with splotches on the ground under her feet. Collage.

Individual: Practice financial self-care

The first step toward financial control — and hitting your goals — is to build a strong foundation. Here are the steps we recommend checking off first (and second and third).

CHECK, CHECK, CHECK >

Text graphic that reads, “It’s Pride Month. How can we use our dollars to recognize this?”

Systemic: Buy from, invest in, support LGBTQIA-run companies

Here’s what CEO Sallie Krawcheck has to say: “It’s easy.”

WATCH MORE >

A text by LilNasX that reads, “For pride month if you have friends who are part of the LGBTQ+ community let them know that they are loved. Give them all of your money.”.

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This newsletter was copyedited by Tasbeeh Herwees while drinking an iced coffee. Forward it to your friends who need a jumpstart to their day.

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The information provided should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice.

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Money Cheat Sheet: Take Pride at Work 🏳️‍🌈

This month’s money mood: Pride.

Individual: Negotiate for what you deserve

Individual: Practice financial self-care

Systemic: Buy from, invest in, support LGBTQIA-run companies

Join to get up to 50% off coaching, plus free workshops and courses.

This newsletter was copyedited by Tasbeeh Herwees while drinking an iced coffee. Forward it to your friends who need a jumpstart to their day.

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