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While sitting in his home on a lazy Saturday morning and listening to an economics program, UBS Wealth Management chief economist Paul Donovan found himself appalled at the coverage he was hearing on the economics of marriage equality.
"I was choking on my cup of tea — It was that bad a set of arguments," he told David and John Auten-Schneider on Living Not So Fabulously. "It was all about, 'We'll make more money doing gay marriages. Think of the lavish ceremonies that'll be held,'" he said. "And I was like, no, that's not it. It's all about equality and rights and people feeling valued."
Donovan's research and work focus on translating the data and economics of equality to cultivate opportunities and make a difference for the LGBTQ community. "As somebody who is gay and is in a position of some responsibility in a large organization, I have a role as a role model," he explained of his efforts. "I think there's a duty for those of us who have some platform to try and make sure that we can educate and improve the understanding overall."
The conversation also addressed why LGBTQ+ investors are different. Donovan shared some helpful guidance for the community on the nuances they should consider as they build their wealth. Listen on your favorite podcast platform or watch on our website for full episodes of Living Not So Fabulously.
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