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mucifer

(24,505 posts) Sat Jun 17, 2023, 08:17 AM Jun 2023

States with more LGBTQ people have better economic growth, study finds

The study found that states with higher-than-average LGBTQ populations also reported higher GSPs.

Many things contribute to a state’s economic growth like unemployment rates, median wage, and corporate tax rates, the analysis admits. But the analysis notes that after controlling for these other factors, Wells Fargo still saw a positive relationship between higher LGBTQ populations and higher economic growth.

The analysis also recognized that members of the community tend to be younger and more educated than the average U.S. adult. Still, the researchers found a link between a larger LGBTQ population ratio and better economic growth.

In 2021, about 20 percent of Generation Z adults — or people born between 1997 and 2003 — identified as LGBTQ. Meanwhile, 10.5 percent of Millennials, 4.2 percent of Generation X and 2.6 percent of Baby Boomers identify as lesbian, gay, bisexual or transgender, according to Gallup.