Prudential’s LGBT Financial Experience: Plenty to Celebrate a Year after Obergefell, but a Long Road to True Financial Security

NEWARK, N.J.–(BUSINESS WIRE)–Prudential Financial (NYSE:PRU) on June 23 will release its first survey
of LGBT Americans since the U.S. Supreme Court ruled that states must
permit same-sex marriages. Prudential’s 2016/2017 LGBT Financial
explores a range of changes following the year-ago
landmark Obergefell decision and since the company’s groundbreaking 2012
survey. Those changes have provided reason to celebrate, but there is
still much work to be done.

Among the highlights:

  • Prudential surveyed LGBT Americans in all 50 states during April and
    May to better understand their household dynamics, financial
    situations, listen to their fears and concerns, and to gain insight
    into their spending habits, including whether they are saving money or
    planning for retirement.
  • Since the June 26, 2015 Obergefell decision, many surveyed are more
    concerned about broader economic forces hindering their ability to
    succeed financially, than about LGBT-specific rights issues.
  • The survey highlights notable differences between generations, between
    singles and couples, and between those with or without children.
  • The number of married gay, lesbian and bisexual couples has doubled
    since 2012, changing many of the community’s financial needs.
  • But the survey found that wage equality, workplace security and
    housing rights issues still cast a shadow on the community’s ability
    to attain true financial security.

Please join Prudential to hear the study’s specific findings during a
media briefing at 10:30 a.m. EST, Thursday, June 23, at the LGBT Center
in New York City. Follow updates on Twitter: @PrudentialNews
and #PruLGBT



Release of Prudential’s 2016/2017 LGBT Financial Experience



10:00-11:30 a.m. EST, Thursday, June 23, 2016


Lesbian, Gay, Bisexual & Transgender Community Center

208 West 13th St., New York, N.Y. (Between 7th
and 8th Avenues)


Kent Sluyter, president and CEO, Prudential
Individual Life Insurance


Glennda Testone, executive director, The Center

Josh Stoffregen, VP, Communications, Prudential


*Additional speakers to be announced


Prudential Financial
Josh Stoffregen, 973-802-3996