Women’s History Month is a time when we celebrate the incredible strides of women and girls in our country. But even as we continue to talk about shattering the glass ceiling and breaking down barriers, far too many women have their dreams of college and a successful life dashed by economic adversity.
via Talk Poverty.
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While the U.S. has made strides toward reducing the gender wage gap over the decades, new research today shows just how far there is to go.
via Bloomberg.
National Equal Pay Day 2019 reminds us that gender pay equity is crucial not only for social justice, but for women’s retirement security. When women earn less than men (currently, only 80 cents on the dollar), they cannot afford to save sufficient money for retirement – and their Social Security benefits are lower.
In 2016, the average annual Social Security income received by women 65 years and older was $13,891, compared to $17,663 for men. – National Committee Social Security Fact Sheet
Women take more time off work to care for family members, but don’t get credit for it in their Social Security earnings history. On average, women outlive men by five years – forcing them to stretch their retirement dollars over a longer span of time. That’s one reason why 11% of senior women live in poverty – an unacceptable number in the wealthiest country on earth.
On average, women outlive men by five years – forcing them to stretch their retirement dollars over a longer span of time. That’s one reason why 11% of senior women live in poverty – an unacceptable number in the wealthiest country on earth.
The gender wage gap hasn’t budged in 9 years:
The average woman who had a full-time, year-round job in 2015 made just 80 percent of what a man did, according to the latest data from the Census Bureau. That’s up from last year’s 79 percent, but the increase is not statistically significant. The wage gap hasn’t closed significantly since 2007.
via Think Progress.
Retirement insecurity is a startling piece of the vast economic inequality puzzle facing women today. Women are paid $0.78 on the dollar that men are paid for the same amount of work, resulting in decreased Social Security payments and retirement benefits. More women than men take time from their jobs to give birth, raise children and care for family members – leading to lower overall lifetime savings.
via Salon.
The gender pay gap is a hot topic these days, but it’s not the only economic gender gap. Women also are lagging behind men in building retirement security.
Lower pay translates into a gap for women in retirement security, reducing Social Security benefits, pensions, and retirement saving. At the same time, women enjoy greater longevity, which means resources often must be stretched over a longer retirement.
via Morning Star.
Gender Pay Equity. Eliminating the wage gap that limits women’s earnings is essential to helping our daughters and granddaughters save for their own retirement. Congress should strengthen and reform the “Equal Pay Act” by putting an end to pay secrecy, strengthening workers’ ability to challenge discrimination and bringing equal pay law into line with other civil rights laws.
The gender wage gap has improved quite a bit since women started entering the workforce in large numbers. Women who work full time and year-round earned just 58 percent of what men earned annually in 1968; now that ratio is about 79 percent.
via VOX.
The gender wage gap continues, meaning women earn only 78 cents for every dollar paid to their male counterparts.
Seniors went to Capitol Hill earlier this month to tell Congress why their current #SocialSecurity benefits are inadequate. Boost Social Security Now! https://www.ncpssm.org/campaigns/boost-social-security-now/ @RepJohnLarson