States with higher concentrations of people who identify as lesbian, gay, bisexual or transgender have had higher rates of economic growth, according to a Wells Fargo study.
The study, published in early June in honor of Pride Month, looked at the gross state product (GSP) of all 50 states and Washington D.C. between 2010 and 2019. Researchers then weighed that information against the LGBTQ population found in 2012.
But, the number of U.S. adults identifying as a member of the LGBTQ community has gone up since 2012. One Gallup poll found that in 2012 only 3.5 percent of the total U.S. population identified as LGBTQ, but that number has more than doubled over the past decade.
The analysis also recognized that members of the community tend to be younger and more educated than the average U.S. adult. Still, the researchers found a link between a larger LGBTQ population ratio and better economic growth.