Forward Motion in Capturing LGBTQ+ Identity Hasn’t Reached Financial Services Yet

In this article, we explore the ways in which financial services in the U.S. haven’t kept up with other sectors and industries in tracking and valuing data on LGBTQ+ identity and experience. For the most part, however, our banks, investment firms, lenders, and credit bureaus are not yet collecting or even making it possible for people to opt into sharing data on their gender beyond the binary or their LGBTQ+ identity. Efforts at including LGBTQ+ as a diversity metric in corporate leadership, boards, investors, and more are stymied because in order to advocate for representation, one would have to know the numbers - any numbers - about the current and future state of that representation.