What is the current economic state of the transgender community?
First and foremost, transgender individuals are concerned for their safety. And sometimes finances take a back seat to survival. But being fiscally secure affords you the opportunity to protect yourself and your community. So, what is the economic state of the trans community? What can transgender individuals do to earn more—without having to hide who they are?
K. Kenneth Davis is the creator of The Trans Capitalist, a platform that educates and empowers the LGBTQ+ community with the goal of dismantling systemic poverty and economic discrimination. A proud Black transgender financial literacy advocate and certified data scientist, Kenneth landed a spot on the Forbes List of Top Trans Entrepreneurs.
On this episode of Queer Money®, Kenneth joins us to share an overview of the financial state of the trans community and discuss how their sense of wellbeing has evolved over the last decade. Kenneth explains how gatekeeping and lack of access to education affect trans people’s earning power and offers solutions for lowering poverty rates and increasing incomes for the transgender community.
Listen in for Kenneth’s insight on trans discrimination in financial services and learn how to leverage financial literacy and certificate programs to achieve financial security as an LGBTQ+ individual.
Topics Covered on the economic state of the transgender community
- How receptive the trans community has been to Kenneth’s work in personal finance
- Why it’s crucial for our community to take our finances as seriously as the other issues we face
- Kenneth’s overview of the financial state of the trans community right now
- How the general sense of wellbeing among the trans community has changed in the last decade
- Kenneth’s take on what’s behind the anti-trans legislation promoted by the far-right
- Where the majority of trans people live in the US (and why so many live in the South and Midwest)
- Kenneth’s take on the NBC News article on finding community in red states
- How lack of access to education and gatekeeping affect trans people’s earning power
- Why it’s more challenging for trans folks to get an ROI on higher education
- Kenneth’s solutions for lowering poverty rates and increasing incomes for trans people
- Why trans people of color experience greater wage disparity than other demographics
- How data on the LGBTQ+ community might be skewed because respondents tend to be younger
- Kenneth’s experience with discrimination in financial services as a trans individual
- The link between gender-affirming care and the mental health of the transgender community
- Why the percentage of trans people who earn $100K is higher than the general population
For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe
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