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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All opinions and views expressed by Ellevest are current as of the date of this writing, for informational purposes only, and do not constitute or imply an endorsement of any third party’s products or services.

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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