The gender pay gap exists for every age group and widens over a woman’s lifetime. It increases over the course of a woman’s work life and is widest for women ages 55–64.
Fast Facts: The Gender Pay Gap
Overall, women working full time in the U.S. make 82% of what men do. And collectively, working women lose out on more than $500 billion a year.
The pay gap tends to be larger for women of color and in some cases the gap appears to be widening. Compared to white, non-Hispanic men:
- Latinas make 55 cents on the dollar.
- American Indian or Alaska Native make 57 cents on the dollar.
- Native Hawaiian or Other Pacific Islander women make 61 cents on the dollar.
- Black women make 63 cents on the dollar.
- Asian women make 87 cents on the dollar.
The pay gap exists in nearly every profession.
Fields with the smallest pay gaps are food workers, writers, counselors, pharmacists and social workers, where women earn within 97–99% of what their male colleagues do. The largest gaps occur among financial services sales agents, financial managers and financial advisers. In those fields, the pay ratio between women and men is between 61–66%.
Mothers face an even wider pay gap than women without kids.
Moms earn only 71 cents for every dollar paid to fathers, which translates to a loss of $16,000 annually.
Women with bachelor’s degrees working full time are paid 26% less than their male counterparts.
Though women in the U.S. now earn more college and postgraduate degrees than men, they also hold nearly two-thirds of the nation’s outstanding student debt — $929 billion.
Women face an income gap in retirement.
Because they have earned less and therefore paid less in the Social Security system, they receive less in Social Security benefits. They also lag behind men in pension benefits, as well as retirement savings.