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November 18, 2008

Study: Gay Men Less Likely to Cut Spending Because of Economy

A new survey shows that gay men are less likely to cut back on spending due to the economy than heterosexuals or lesbians. The online Harris Interactive poll indicates that in several categories, gay men report being less affected by the looming recession.

According to the survey, 55% of American adults, 55% of heterosexuals, and 55% of gay men expect to be affected by the economy, while 75% of lesbians express the same. When it comes to categories of expenses, though, the differences are more pronounced. For example, 45% of gay men are likely to reduce entertainment-related spending, with 61% of lesbians and 51% of heterosexuals reporting the same. On taking a vacation of more than a week in the next six months, 32% of gay men said that they were likely to do so, compared to 24% of lesbians and 28% of straight people. However, a greater percentage of gay men and lesbians -- both 60% -- than heterosexuals -- 56% -- said they were likely to reduce spending on gifts during the holiday season.

The survey of 2,449 Americans over the age of 18 was conducted in October and included 232 self-identified gay men and lesbians. (The Advocate)

Reader Comments

These comments are reproduced as written by visitors to this Web site. They have not been edited for content, grammar, or spelling. The viewpoints appearing here are those of the writer, and do not necessarily reflect the opinion or views of advocate.com, The Advocate, or its affiliates.

  • Name: John Embry
    Date posted: 2008-11-19 4:02 PM
    Hometown: San Francisco, CA

    Comment:

    Bet your ass on our spending! However, when we spend, let's do it morecarefully. Get that list of people and companies that bellied up to the bar for Prop 8, and places where we aren't welcome to vacation. But most of all let's remember the ones who did and do welcome and support us. Are you taking notes?


  • Name: Rich
    Date posted: 2008-11-18 5:58 PM
    Hometown: Boston

    Comment:

    It's time to pony up here... let's cut our spending until we have equal rights!


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