Monday is Black Women’s Equal Pay Day, the day that marks when black women are paid the same wages as their white male peers were paid last year.
Here's the Problem
And while young black women are now the most educated group in the country, we are also more likely to live in poverty and are still paid less than our white female counterparts. In fact, every $1 men are paid in the United States, women as a whole are paid just 80 cents. Black women are paid only 67 cents on the dollar relative to non-Hispanic white men, according to analysis from the Economic Policy Institute.
Steps to Making A Difference
"Tweet your members of Congress using The Representation Project’s hashtag #RepresentHer. Together, we can advocate for and achieve policies and programs that support women and girls of color. Let stay true to our American values and ensure every woman and girl has a fair shot at the American dream." Valerie Jarrett, Former Senior Adviser to President Obama, Refinery29
Why This Can't Be Ignored
If the pay gap were closed, the average Black women would earn over $840,000 more by the time she retired. That money could go toward retirement savings, a house, start-up capital for a business, college or graduate school, an aging parent’s care… it could transform a family’s financial security forever.
That lost income often means retirement is just a dream for many Black women. In 2012, IWPR found the median wealth for an older single white man was more than $100,000. For a Black woman of the same age, it was just $5,000. It’s hard to retire on that.
The National Women’s Law Center estimates that, in Ohio, a Black woman has to work until age 82 to catch up to the career earnings of a white man at age 60. In California, she has to work until age 83… in New Jersey, age 89... and in Alabama, age 90. via Bustle
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