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Back in June, the U.S. Supreme Court confirmed that the Civil Rights Act applies to sexual orientation. Moving forward, Americans don’t have to worry about losing their jobs for being who they are. However, the ruling didn’t address other areas of prejudice — including the discrimination LGBTQ homebuyers face in the mortgage industry.

“There are more than 35 states where it is perfectly legal for a bank or credit union officer to say, ‘We do not loan money to your kind,’” says Justin Nelson, Co-Founder and President of the National LGBT Chamber of Commerce. According to a study based on two decades of mortgage data from Iowa State Univerity’s Ivy College of Business, same-sex couples are 73% more likely to be denied a mortgage. And those who are approved are charged noticeably higher fees.

As a father of three children, I find it very important to support them in a variety of different ways. One of the most important subjects I feel my kids need to know, they might not learn in the classroom — either online or in person. Teaching my kids about credit and general financial education will help them make their own important financial decisions in the future, which is something that I didn’t have.  Here’s why you should teach your kids about credit, what exactly it is and how to start those conversations early enough that they have the time to learn and ask more questions.

Why teach your kids about credit?

When I first became an adult, I really didn’t understand the impact that credit would have on my life. I didn’t understand the value of a good credit score or how to build it.

The economic outlook in the U.S. isn’t so hot right now. A record-breaking number of Americans filed unemployment claims  in recent months, the stock market is all over the place and the hits from the COVID-19 pandemic just keep coming.

But despite the economic turmoil, a surprising number of Americans still think 2020 is an ideal time to buy a home. According to a recent survey by The Simple Dollar, three in ten (30%) Americans think this year is the best time to purchase a house or property.

While small businesses are struggling to keep their doors open during the pandemic, some are turning to their insurance policies to help them stay afloat. But there’s one problem. Standard business interruption policies don’t cover COVID-19.

“An exclusion for pandemic-caused losses — Exclusion of Loss Due to Virus or Bacteria — has been incorporated into standard business interruption policies since 2006, following the SARS outbreak,” says Mark Friedlander, the Director of Corporate Communications for the Insurance Information Institute.