Out in Older Age: Financial Risk in LGBTQIA+ Aging

Planning for retirement for LGBTQIA+ older adults is a different process than for other communities, particularly since these older adults are more likely to be single, live alone, and have no children or family they can rely on for caregiving as they age. One study found that LGBTQ Americans are less confident that they will have enough so that they can live comfortably in retirement than straight and cisgender Americans. We can hope that isolation in older age will be less of a risk factor as Generation X and its successors approach older adulthood. For today, however, we are well-advised to heed the experience of our elders and plan for what very well could be a pricier retirement.