New Report Offers Most Comprehensive Look to Date at LGBTQI+ People’s Financial Lives
SAN FRANCISCO, March 29, 2023 (Newswire.com) - The LGBTQI+ Economic and Financial (LEAF) Survey: Understanding the Financial Lives of LGBTQI+ People in the United States, released today, shines new light on the financial experiences and issues faced by lesbian, gay, bisexual, transgender, queer, and intersex (LGBTQI+) people in the U.S. The report fills in critical gaps left by many federal and financial industry surveys that fail to include LGBTQI+ demographics. The report is authored by the Center for LGBTQ Economic Advancement & Research (CLEAR) and the Movement Advancement Project (MAP).
The independent survey and report were made possible with sponsorship and support from Visa and Daylight. Visa and Daylight are committed to working with underrepresented communities and helping provide financial tools to those historically underserved by the financial industry.
The report analyzes results from a survey of 2,505 LGBTQI+ and 503 non-LGBTQI+ adults, conducted December 2022-January 2023. Respondents were asked about their financial well-being, priorities and concerns, experiences with exclusion and discrimination, and costs associated with family formation, gender-affirming health care, or legally changing their name or gender marker.
Some key findings include:
- LGBTQI+ people reported losing the ability to rely financially on their families after coming out. While 73% of LGBTQI+ respondents said they could rely financially on their family before telling them about their sexual orientation, only 62% could do so after coming out. The gap was even greater for transgender respondents.
- Over half (53%) of all LGBTQI+ respondents had taken out a federal student loan to finance their education, versus 31% of non-LGBTQI+ respondents. Among borrowers, only 23% of LGBTQI+ borrowers had paid off their loans versus 39% of non-LGBTQI+ borrowers.
- Four in 10 parents (40%) reported having some out-of-pocket legal costs related to family formation. Additionally, 43% of LGBTQI+ parents had spent $1,000+ on out-of-pocket healthcare costs for family formation; nearly a third (32%) had spent $5,000+.
- Most respondents who received gender-affirming care (82%) reported spending some money out-of-pocket. Nearly half (46%) of people who had received gender-affirming care spent $5,000+ out-of-pocket; one-third (33%) had spent at least $10,000 out-of-pocket.
- LGBTQI+ people were more likely to report negative feelings about their finances than positive ones. Roughly twice as many LGBTQI+ respondents as non-LGBTQI+ respondents reported feeling anxious, overwhelmed, and depressed about their finances.
- One in 10 LGBTQI+ respondents (11%) said they had experienced discrimination in banking or financial services.
"The LEAF report reveals the immense financial pressure many LGBTQI+ people in the U.S. are living under — particularly transgender people and queer people of color. The findings illustrate the urgent need for improvements in the financial industry and in state and federal policies to support the economic needs of LGBTQI+ people and communities who are struggling financially," said Spencer Watson, Executive Director at CLEAR.
"These new findings show the wide-ranging economic impacts of discrimination on LGBTQI+ people. This underscores the urgent need for strong and decisive efforts to counteract this financial toll and other harms. Especially given the escalating political attacks on LGBTQI+ and especially transgender people, federal protections against discrimination are essential," said Logan Casey, Senior Policy Researcher and Advisor at MAP.
"Together with organizations like CLEAR, MAP, and Daylight, we're able to build and advocate for more inclusive financial systems for the LGBTQI+ community around the world," said Erin Pursell, Vice President of Fintech Business Development, Visa.
The report is available at https://lgbtq-economics.org/research/leaf-report-2023/.
CLEAR is a nonprofit that creates research, education, and advocacy to support the financial needs of LGBTQ people, organizations, and communities and to help them achieve their unique economic goals.
MAP is an independent think tank that provides rigorous research, insight, and analysis that help speed equality for all, including lesbian, gay, bisexual, transgender, and queer people.
Daylight is the first and only digital banking platform for the LGBTQ+ community, creating the U.S.'s first trans-inclusive debit account in 2021. Learn about Daylight's latest family-building products at www.joindaylight.com.
Visa Inc. is a world leader in digital payments, facilitating payments transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories.
Contact Information:Rebecca Farmer
Communications Director, Movement Advancement Project
[email protected]
303-578-4600 ext 122
Spencer Watson
Executive Director, Center for LGBTQ Economic Advancement & Research
[email protected]
415-278-7358
Related Files
LEAF Survey Executive Summary.pdf
LEAF Survey Report March 2023.pdf
Original Source: New Report Offers Most Comprehensive Look to Date at LGBTQI+ People's Financial Lives
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Legacy Suite Recommends Wallet Protection Against ‘Address Poisoning’ Hack
NEW YORK, March 29, 2023 (Newswire.com) - Legacy Suite, developer of digital asset management solutions, warns crypto and Ledger users against "Address Poisoning" attacks that can steal their funds.
Scammers are striking crypto users, including Ledger users, by "poisoning" their account via sending a small amount of crypto, usually USDT, MATIC, TRX, or even NFT, often imitating a transaction recorded in the user's transaction history. It looks very similar to the user's own address, with the goal to grab the scammer's address and send funds to their account by mistake.
Check Every Single Character in a Wallet Address
"Address poisoning is a type of cyber-attack in which an attacker attempts to steal funds from a cryptocurrency wallet by modifying the wallet's address," said Azaz Ahmed, chief technology officer of Legacy Suite. "In this attack, the attacker replaces the legitimate address of the wallet with their own address, which allows them to redirect any funds sent to the wallet to their own account."
The scammer makes a custom address with specific characters that are nearly identical to the owner's address. It often includes the same first and last characters. It is important to check every single character in one's wallet address before sending any transaction.
The scammer then sends a very small amount of currency, even $0, via the almost matching dummy wallet, which poisons one's transaction history.
How to Protect Yourself
Legacy Suite offers the following suggestions for safeguarding against address poisoning:
· Stop copying and pasting your wallet address from your transaction history
· Manually check your address so it is an exact match before sending any funds
· Use your wallet's contact book to manage addresses used often
· Be aware of anyone sending tiny amounts of cryptocurrency
· Double-check your transaction details on your Ledger
Legacy Suite has a wallet monitoring service designed to keep crypto assets secure 24/7 so that one can quickly take action to prevent any potential losses. "Legacy Suite's wallet protection services, such as wallet monitoring and emergency backup wallet, help to protect against critical threats by providing additional layers of security to your cryptocurrency wallets," Ahmed said.
Wallet monitoring constantly monitors activities associated with one's wallet in case any unauthorized changes occur in real time. The owner is immediately notified if any unusual activity is detected like the addition or modification of a new or existing address allowing for prompt action and the prevention of any unauthorized access to one's funds.
"Legacy Suite's Lifeline, emergency backup wallet, is a service that provides you with a secure backup of your cryptocurrency wallet," Ahmed said. "In the event that your wallet is compromised, you can quickly transfer your funds to another wallet. This protects your funds from being lost or stolen in the event of an attack."
The wallet protection services are an additional layer of security to cryptocurrency wallets and protect them from fraud and other types of cyber-attacks.
To learn more about Legacy Suite, please visit https://www.legacysuite.com.
About Legacy Suite
Legacy Suite is a complete end-to-end solution providing first-class digital estate planning support, including wallet monitoring and crypto wallet. Legacy Suite is a secure solution for crypto self-custody and password management, which allows you to hold your own keys, set up directives, assign executors, and have peace of mind knowing that your digital assets will safely transfer to your next of kin.
Contact Information:Madeleine Moench
[email protected]
Original Source: Legacy Suite Recommends Wallet Protection Against 'Address Poisoning' Hack
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Carbonmark Launches the Universal Carbon Marketplace With Zero-Commission Trading to Scale the Digital Carbon...
SAN FRANCISCO, March 28, 2023 (Newswire.com) - Carbonmark launches as the go-to platform for acquiring, trading, and retiring digital carbon. It will serve as the gateway for users to access to the Digital Carbon Market (DCM) - the segment of the Voluntary Carbon Market which leverages the benefits of public blockchain technologies - giving access to tens of millions of carbon credits from hundreds of projects instantly.
Carbonmark prioritizes user experience with a seamless marketplace interface - it does not charge any platform fees for buyers or sellers and lists more carbon projects than any other carbon credit storefront thanks to the interoperable standards that KlimaDAO has helped to establish.
As a frictionless access point to the DCM on top of the Polygon blockchain, users can now source carbon credits with unprecedented transparency and speed. The platform does not require any authorization to access - as such, all carbon market stakeholders can plug into the marketplace.
With transparent pricing, and the ability to execute transactions using smart contract technologies, the marketplace stands to reduce transaction costs within the market and reduce lead times across the carbon market's entire value chain.
Speaking of the launch, Gabriel Kent, Head of Product at Carbonmark, said:
"The development of open, public, and neutral infrastructure that will unlock transparency and trust within the Voluntary Carbon Markets is of utmost importance if the market is to scale and fulfill its role in the fight against climate change.
Carbonmark is an essential infrastructure for sellers to create a carbon storefront and for buyers to search, purchase, or retire carbon credits instantly. We're excited to launch with the world's largest selection of digital carbon and with zero-commission trading. Carbonmark will revolutionize access to the Voluntary Carbon Market."
About Carbonmark
Carbonmark.com is the universal carbon marketplace, with the largest selection of digital carbon credits worldwide. Buy, sell, and retire digital carbon from any project instantly with zero-commission trading. Contact us.
Join On Set #3 to learn more about Carbonmark.
Contact Information:Alex Taylor
Press
[email protected]
Original Source: Carbonmark Launches the Universal Carbon Marketplace With Zero-Commission Trading to Scale the Digital Carbon Market
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