LGBT representation tied to greater economic prosperity, Wells Fargo economists find

CHARLOTTE — Two Wells Fargo & Co. economists say they’ve crunched the numbers and found that a state’s economic growth is “positively correlated with LGBT representation.”

“States with higher concentrations of people who identify as gay, lesbian, bisexual or transgender had higher rates of gross state product growth over the past decade, everything else being equal,” Wells Fargo economists Jay Bryson and Nicole Cerviwrote in a recent report issued with June’s Pride Month in mind.

The two economists assessed each state’s growth and whether the LGBTQ community was over- or under-represented based on the proportion of its population identifying as LGBT, relative to the U.S. population.

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