‘Surprising’ LGBT Growth Good News For Advisors
June 29, 2016 by Juliette Fairley
About 47% of millennials between the ages of 25 and 37 identify as lesbian, gay, bisexual and transgendered (LGBT) compared to 24% of boomers and 28% of Gen Xers, according to Prudential’s 2016/2017 LGBT Financial Experience study.
“The increase in the number of LGBT couples who have married in the past four years is a surprising change, along with the strong prevalence of millennials who identify as LGBT,” said Kent Sluyter, CEO of Individual Life Insurance and Prudential Advisors.
Of the millennial LGBT respondents, 64% identify as bisexual compared to 20% gay and 15% lesbian.
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