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Gay People Earn More and Have Less Debt, Study Says

A new study by Prudential shows that gay people are better at managing their money than the average American.

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Lesbian, gay, bisexual and transgender (LGBT) Americans earn more, save more and have less debt.

About 1000 LGBT respondents participated in the study

and not only reported significantly higher annual incomes — $61,500 compared with the national median of $50,054 — but they also carried about $4,000 less debt than the average American and had $6,000 more in household savings.

They were more likely to be employed too, with an unemployment rate of 7% versus the national rate of 7.9%.

Read the whole story at CNN Money.

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