Women earn $10,800 less than men annually: report
Source: Daily News
The disparity can add up to nearly half a million dollars over a typical woman’s career.
“This is an astonishing report,” Rep. Carolyn Maloney (D-N.Y.) told the Daily News. “This inequality is unfair. And if we continue at the rate we’re going now, we wouldn’t get pay equity until 2059. That’s a long time.”
The report from the U.S. Congress Joint Economic Committee found that New York women earn about 89.6% of what their male counterparts earn, while women in Connecticut earn 82.6% and women in New Jersey make 80.3%.
Women of color face even larger pay gaps, the study found. Black women, on average, are paid 60 cents on the dollar compared to white men, while Latinas make 55 cents on the same dollar.
And pay gaps widen as women age, the study found.
“The gap gets progressively worse as women grow older, and this hurts their retirement security and makes older women more likely to live in poverty than older men,” Maloney, whose office released the study, said.