LGBTQIA+ Financial Guide to Becoming a Parent

LGBTQIA+ Financial Guide to Becoming a Parent

While the U.S. still has a way to go to achieve LGBTQIA+ equality, some significant strides have been made, particularly when it comes to LGBTQIA+ families. In 2015, the U.S. Supreme Court ruled that same-sex couples have the right to be legally married. According to Census Bureau data, by 2021, there were roughly 710,000 married same-sex couples in the U.S. A pivotal 2020 Supreme Court decision also expanded employment anti-discrimination statutes to include LGBTQIA+ people.

While starting a family can be complicated and expensive for any parent, it’s especially true for LGBTQIA+ people. The progress made in LGBTQIA+ civil rights, along with advancements in medical and reproductive health technology, have given LGBTQIA+ people who want to add children to their lives more options than ever. According to a U.S. Census Bureau analysis of Current Population Survey (CPS) data, 15% of the 1.1 million same-sex couples in the United States in 2019 had at least one child under 18 in their household, compared with 37.8% of opposite-sex couples.

Read more on Financial Guide to Becoming a Parent here from moneygeek.com

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