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Gays less affected by economic downturn
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Gay men are not feeling the credit crunch as much as straights, claims a new report
The online survey conducted by Harris Interactive in the United States found that 55 per cent of adults felt that the current financial downturn would affect them.
Three out of four lesbians, and 60 per cent of heterosexual women, believed that the credit crunch would affect them more than others, compared to 55 per cent of gay men.
Asked about spending on entertainment, less than a quarter of all gay men thought it likely that they would cut their expenditure.
While more than half of all heterosexual men said that it was unlikely they would take a holiday within the next six months, only 39 per cent of gay men agreed.
One of the reasons for this is that gay male households tend not to include children or dependants, and so gay men have more disposable income than their straight counterparts.
There is one area where gay men will be economising this Christmas though. Sixty per cent of gay men are cutting back on buying gifts, compared to 50 per cent of straight men.
