Why are your gender drop-down options binary when I go to sign up for an account?

Ellevest welcomes clients of all gender identities and gender expressions including but not limited to individuals who identify as transgender and genderqueer.

We ask for your gender because it helps us determine salary curves in our forecasts for your goals. These salary curves are based upon data from the U.S. Current Population Survey, a nationally representative sample of full-time earners. At this time, there is insufficient data to model salary curves for all gender identities and therefore our clients must select either “woman” or “man”. In general, the data from the survey shows that women’s salaries grow at a slower rate than men’s. If you do not identify as a man or a woman, we suggest you select the gender whose salary growth you believe may best match your own over your career.

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