The National Center for Women and Retirement Research has found evidence that 9 out of 10 women will be solely responsible for their finances at some point in their lives and will face more financial obstacles than men. One reason, the NCWRR found, is that for every dollar that a man earns, a woman earns 80 cents.
Eve Tahmincioglu, a writer for LifeInc on Today.com, published an article this year called, “Gender Pay Gap Persists as Women Age”, which showed even more shocking statistics. It said that women working full-time earn 80 percent of what men year their first year after college, but the wage gap significantly increases 10 years later to where women only make 69% of what men make. This study by the American Association of University Women Educational Foundation took into account outside factors like the number of hours worked, occupations and parenthood. The AAUW said in its executive summary of “Behind the Pay Gap” that, “Making gender pay equity a reality will require action by individuals, employers, and federal and state governments.”
The AAUW specifically calls for federal equal pay laws, which would mandate that both genders are paid equally for the same work, and flexibility from employers so women have more part-time work opportunities along with more medical and family leave. Although these statistics are unsettling, it is important for women to be educated so they can better prepare for their future until equality in the work force is reached.
For more information on the wage gap visit http://lifeinc.today.com/_news/2012/06/04/11994886-gender-pay-gap-persists-as-women-age?lite or http://www.aauw.org/learn/research/upload/behindpaygap.pdf