Meet ‘The Trans Capitalist’ focused on bringing financial literacy to the LGBTQ+ community
“Transgender people face many setbacks and hurdles, including financial ones.
In the U.S., the poverty rate for transgender people is 29.4%, nearly double the rate that cisgender straight adults experience, 15.7%, according to a 2019 study from the Williams Institute, a think tank based at the UCLA School of Law. Poverty rates are even higher for LGBT people of color.
Other studies have found that transgender people are twice as likely to be unemployed as their cisgender counterparts, and four times as likely to have a household income below $10,000. For perspective, the federal poverty guideline for a one-person household was $12,880 in 2021.”