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208 The Majors of Transgender and Gender Diverse College Students
Key Words
LGBTQ, transgender, education, majors, income, wages, inequality
Short Description
The life-cycle hypothesis informs us that income is a key factor in consumption, borrowing, saving and financial well-being. Research suggests that income is related to and at least partly determined by education. Certain college majors demand higher starting salaries and offer the opportunity for higher lifetime earnings. Using data from the 2017 and 2020 Study on Collegiate Financial Wellness, transgender and gender diverse (TGD) students are less likely to select majors with higher average starting salaries. There is a long history of pay inequality in the United States. Discrimination, bias, and marginalization in the labor market has historically contributed to the income gaps between TGD and cisgender individuals. Major selection by TGD students may also be contributing to their challenges of attaining financial well-being.