APRIL 2012: What the Gender Wage Gap Really Costs Women
A report by the National Partnership for Women & Wage Families found that women are paid 77 cents for every dollar paid to men, which amounts to a yearly wage gap of $10,784 between full-time working men and women.
The size of the wage gap varies from its lowest in Vermont where women make 84 cents for every dollar that men make to its highest in Wyoming where women make just 64 cents for every dollar that men make.
The gender wage gap for a woman working full-time and year-round equates to:
- 92 weeks of food (that’s 1.8 years)
- 7 months of mortgage and utilities payments
- 13 months of rent
- 35 months of family health insurance premiums (that’s 2.9 years)
- 2,751 gallons of gas
Specific gender wage gap statistics:
- The gender wage gap is not isolated to a certain career or industry.
- The gender wage gap increases as a woman’s education increases.
- Women with doctoral degrees are paid less than men with master’s degress.
- Women with master’s degrees are paid less than men with bachelor’s degrees.
- Women with professional degrees are paid just $0.67 for every $1.00 paid to men with professional degrees.
- Women with children are paid 2.5% less than women without children, but men with children are paid 2.1% more than men without children.
Susan Gunelius
Susan Gunelius is the Founder and Editor-in-Chief of Women on Business. She is a 30-year veteran of the marketing field and has authored a dozen books about marketing, branding, and social media, including the highly popular Ultimate Guide to Email Marketing, 30-Minute Social Media Marketing, Content Marketing for Dummies, Blogging All-in-One for Dummies and Kick-ass Copywriting in 10 Easy Steps. Susan’s marketing-related content can be found on Entrepreneur.com, Forbes.com, MSNBC.com, BusinessWeek.com, and more. Susan is President & CEO of KeySplash Creative, Inc., a marketing communications company. She has worked in corporate marketing roles and through client relationships with AT&T, HSBC, Citibank, Intuit, The New York Times, Cox Communications, and many more large and small companies around the world. Susan also speaks about marketing, branding and social media at events around the world and is frequently interviewed by television, online, radio, and print media organizations about these topics. She holds an MBA in Management and Strategy and a Bachelor of Science degree in Marketing and is a Certified Professional Career Coach (CPCC).
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