Prudential’s LGBT Financial Experience: Plenty to Celebrate a Year after Obergefell, but a Long Road to True Financial Security

NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial (NYSE:PRU) on June 23 will release its first survey
of LGBT Americans since the U.S. Supreme Court ruled that states must
permit same-sex marriages. Prudential’s 2016/2017 LGBT Financial
Experience explores a range of changes following the year-ago
landmark Obergefell decision and since the company’s groundbreaking 2012
survey. Those changes have provided reason to celebrate, but there is
still much work to be done.

Among the highlights:

• Prudential surveyed LGBT Americans in all 50 states during April and
  May to better understand their household dynamics, financial
  situations, listen to their fears and concerns, and to gain insight
  into their spending habits, including whether they are saving money or
  planning for retirement.
• Since the June 26, 2015 Obergefell decision, many surveyed are more
  concerned about broader economic forces hindering their ability to
  succeed financially, than about LGBT-specific rights issues.
• The survey highlights notable differences between generations, between
  singles and couples, and between those with or without children.
• The number of married gay, lesbian and bisexual couples has doubled
  since 2012, changing many of the community’s financial needs.
• But the survey found that wage equality, workplace security and
  housing rights issues still cast a shadow on the community’s ability
  to attain true financial security.

Please join Prudential to hear the study’s specific findings during a
media briefing at 10:30 a.m. EST, Thursday, June 23, at the LGBT Center
in New York City. Follow updates on Twitter: @PrudentialNews
and #PruLGBT

Contacts

Prudential Financial
Josh Stoffregen, 973-802-3996
josh.stoffregen@prudential.com
or
On
Twitter
@stoffregenPruPR