The phrase “retirement crisis” gets thrown around a lot these days. But after reading the recent report, Out and Visible: The Experiences and Attitudes of Lesbian, Gay, Bisexual and Transgender (LGBT) Older Adults, I’m persuaded that many older LGBT Americans truly face a retirement crisis — for reasons their straight brethren don’t.
The report is from SAGE (Services and Advocacy for GLBT Elders), the nation’s largest group dedicated to improving the lives of LGBT older adults. SAGE and Harris Poll surveyed 1,857 LGBT and 519 non-LGBT people ages 45 to 75.
Retirement Concerns That Are Severe
“Our survey found a heavy level of worries by older LGBT people that they won’t be able to survive in retirement that were significantly higher than older Americans in general,” said Michael Adams, SAGE’s executive director. “And there were high levels of concern about growing old alone and being a burden on others. I was struck by the severity of these concerns.”Read More ▶