July 5th, 2009
 

365 Gay: News

Survey Examines How Gays Are Coping With Falling Economy


(Washington) While many American households cut spending and shift consumer priorities to cope with tough, new economic realities, an online national survey has found marked differences in responses based on gender and sexual orientation.

Lesbian adults feel more vulnerable when compared to other populations, and gay men appear less likely to cut back discretionary spending compared with their heterosexual counterparts, the survey says.

The survey by Harris Interactive found 55 percent of all U.S. adults indicate that the economic downturn will affect them.

Among some groups, though,  the economic downturn is perceived to have more influence.

For example, when asked to think about their own personal circumstances today, 3 out of 4 adult lesbians said they feel the impact of the severe economic downturn will affect individuals and households like theirs more than others.

In contrast, this opinion was held by 60 percent of heterosexual women and 55 percent of gay men.
When asked about spending for entertainment generally, over four out of 10 lesbians said they likely will reduce their spending, in contrast to fewer than a quarter of gay men.

Similarly, when asked about plans to take a vacation from home lasting more than a week, a clear majority - 56 percent - of heterosexual adults said they were not at all likely to do so within the next 6 months. That compared to 42 percent of gay and lesbian adults who agreed. As for gay men, 39 percent said they were not at all likely to take a vacation compared to more than half of heterosexual men.
The nationwide survey of 2,449 U.S. adults aged 18 and over, of whom 232 self-identified as gay or lesbian (which includes an oversample of lesbian, gay, bisexual and transgender adults), was conducted online between Oct. 20 and 27, 2008 by Harris Interactive, a global market research and consulting firm, in conjunction with Witeck-Combs Communications, Inc., a public relations and marketing communications firm with special expertise in the LGBT market.

“In light of this historic, severe recession, very few Americans remain unscathed. All consumers must make tougher choices on spending, saving and investing – and our findings highlight some of these personal trade-offs,” said Bob Witeck, CEO of Witeck-Combs Communications.

“Gay households are hardly immune, and demographic research confirms that GLBT consumers are not more affluent than others.” said Witeck. “However, we see lesbians once again showing more vulnerability than gay men, and while gay men also are scaling back in spending options, it is less so than heterosexual households. Not surprisingly, while more same-sex households, especially women are raising children, proportionately more gay male households remain childless and therefore may feel somewhat freer to make choices in today’s tight economy.”

One category in which gay men report they plan to economize will be in purchasing gifts for this year’s holiday season  - with 60 percent saying they will reduce spending, compared to 50 percent of heterosexual men.

With smaller households and fewer children, this trade-off may be logical for gay males. When it comes to dining at a restaurant, more than a quarter of lesbians say they are not at all likely to decrease spending on eating meals out within the next 6 months, compared to only 16 percent of heterosexual women who say they do not expect to decrease spending on restaurant meals.


Comments (6)
  • Sean Said: November 18th, 2008 at 9:30 am
    • This is the type of story we need to see more of here! Proportionally lesbians have been found to make less than most of the population and are one of the groups most at risk along with African-American single women. We need to use this to our advantage in future debates where this is an issue where not only we are the same but suffer more.

  • Jonathan Said: November 18th, 2008 at 11:52 am
    • I concur - and we should multi-task to focus on overall economic issues as well as to maintain focus on our rights’ issues.

  • Wayne Said: November 18th, 2008 at 12:31 pm
    • Well this is one gay man whose discretionary spending WON’T be wasted on any goods made in or events held in the state of Utah.

  • Sarrellec Said: November 18th, 2008 at 2:27 pm
    • So far, knock on wood, my husband’s job doesn’t look like it will be affected one way or the other. And I’m on Soc Sec Disability.
      I don’t see that this economic downturn will do anything to us.
      Our investments have taken a hit, but they are very long term investments for retirement purposes, and this economic crap, as all things, will pass, and the investments will recover.
      We’re just going to kind of hunker down and wait it out. As for spending…hasn’t changed our spending habits at all so far.
      But, then, we aren’t rich and we live kind of simply to begin with and don’t pay $400 for a $20 shirt or a $20 pair of shoes.
      never have…never will.

  • TheRadicalRealist Said: November 18th, 2008 at 7:33 pm
    • DO NOT spend any of your money at Cinemark theaters!

      The CEO of Cinemark, Alan Stock,
      donated $9999 to the Yes on 8 Campaign.

      Cinemark operates the “Century”, “CinéArts”,
      and “Tinseltown” theater chains.

      Details:
      http://www.nomilkforcinemark.com/

  • Charley Said: November 19th, 2008 at 8:24 am
    • No breakdown by age group. I’m sure older gay males like myself are not so sanguine. Young gay men seem to think they will never grow old and retire. Bless them.