A black woman will miss out on $946,120 during a 40-year career if they continue to make 61 cents for every dollar a white man makes, according to new estimates from the National Women’s Law Center. Put another way, a black woman would have to work until age 86 just to make the same amount of money a white man earned by age 60, the organization said.
The data didn’t break out the lifetime loss in earnings for Latina women but, assuming the same methodology as that applying to black women, that would likely far exceed $1 million. While black women earned 61 cents on the dollar, white women earned 77 cents and Latina women earned 53 cents for every dollar a white man makes, the study added.
White men have paid off 44% of their student debt 12 years after graduation, but black women end up owing 13% more in that same time. Other studies have estimated the wage gap’s ultimate cost and put a lower — yet still large — price tag. Johns Hopkins University School of Medicine researchers analyzed internal pay disparities and said a woman hired in 2005 and making 2.6% less than her male counterpart stood to lose $501,416 in salary and investment returns during 30 years.
Black women graduate college with the most student-loan debt, according to the American Association of University Women. They also incur an average $30,366 in student-loan debt, which is almost $9,000 more than the average $21,619 student-loan debt all women have, the organization said.
Show me the research on this where EVERY SINGLE THING is identical.
Stay at work and don’t have kids, get a promotion. - no dishonest story to write.
In the automotive industries
My 19 yo daughter working in an entry-level job requires to work 10 hours in order to earn what a 20+ years of experience sales manager in the tech industry makes in just 1... how unfair
*Oprah excluded
All this helps how ? Stirring up stuff is really great way of perpetuating the hatred guess y’all have nothing to do 🤷🏻♂️🤨 they say progress I say 🤷🏻♂️🙄
Part of the reason might be that women often have gaps in their work because they take off to have children. At least my wife did. Us men keep on working.
What people do not want to talk about: Poor people, regardless of race or gender, are left behind in our country. No matter what shade of brown you are or what gender, people do not care about the less fortunate the second they reach higher incomes.
Foh
Garbage
Be careful and don’t dare ask her for assistance at the DMV while she is texting her friend instead of doing her job....
That’s true for the majority of women especially if they chose the housewife role👺👹👹
Same job or job equivalent as determined by cubicle tethered bureaucrats?
What about white women compare them with the other women
Great. So now is jumping into the race-baiting cesspool. And tossing in gender pay gap as well? They must be floundering. The two most played out debunked bandwagons to jump on. Should someone tell them?
Tell that to Oprah
It pains me that I view Marketwatch for news to guide investment decisions. I wish you’d get out of the business of perpetuating politically motivated hot pieces.
nothing like Racist Owners!!
What jobs are they doing, skills, they have to match, this is more race base crap - just fancy title - NO PROOF
Has nothing to do with race or gender. How many men, white or otherwise, get pregnant, carry a child for nine months, go to doctor visits, missing work, then take six months off for maternity leave? Yeah, ZERO. Stop trying to divide us along those lines by manipulating data.
The only fair comparison would be - same exact company,same role/duties, very similar level of education, similar years of experience/skillsets/proven track record.From the stats I've seen for bankers, salespeople, accountants, engineers, physicians, etc. - there is no gap at all
Stop making this racist. WOmen def make less than men, black or white or green. aclu useeoc ivankatrump jobs usatoday
AndrewKeshner what in the fuck is wrong with you?
Good evening, Nice to see racism and bigotry is alive and well 🙃
Shame on you for this headline. So far from the truth!
I'm getting tired of the veiled blame game. Look 50% of Americans make less than $42,000/year, and it ain't getting better ever. Our manufacturing jobs went to Mexico and Asia!
Why not compare the earnings of black women to white women and then black and white women against same race men? Are the applicable job skills even the same? A large differential must be addressed but your headline is meant to be sensational, not informative.
You do realize that not all white guys aged 60 get paid the same either, right? There's this weird variable called 'some of them worked a bit smarter than the other' and got paid more.
Not in the same job with the same education and experience. Stop trying to manipulate the data.
Hey article author, did you ever take a college course in statistics? Numbers don't work like that. Ask Oprah and Michelle Obama, for example, about working to age 86.
How long would someone as stupid as you have to work to make the same as the average person?
My 22 year daughter would have to work for five years just to make the same amount of money earned by me in one year. How discriminatory...!? 🤷🏾♂️ PS. There’s the small matter that we do totally different jobs!
Not right to compare Male/Femal, should be measuring performance and ability. This just leads to quotaes..
😂😆😁 now do an Asian man
Absolute bullshit. Any company would hire able bodied workers at a 40% discount! If this were true white unemployment would be double digits. Progressive lies.
Again, this headline makes it sound like these women are being paid 60% of what men doing the same job are making. These general comparisons are nothing more than clickbait garbage.
This tweet is racist. AntiRa
oprah has to work for a negative income until she's 86?
Well I'm white, and I'm in poverty according to the feds. I make around 20k a year. I bet most ppl couldn't even live off that, but I do.
If the women of color are doing the same job for the same working hours, this is untrue. If they're not doing the same job or working the same hours, any comparison is irrelevant.
I am shocked at the reply’s. I was thinking common sense was gone in the US. Thank you all for restoring a little faith in me today. Marketwatch. You are irresponsible and part of the reason all the hate is going around. Shame on you.
Let me guess...said male is a lawyer and said female works at McDonalds?
Women.....have.......wait for it .....BABIES . Women also naturally gravitate more towards people facing jobs rather then STEM fields which pay less . There’s also other factors at play but whatever some lefty will just screech at me regardless , reeeeeeeee.
Fake news
Wait until we open the borders w low wage workers
Unfortunately, there are many people ignorant enough to accept this headline at face value, with no context whatsoever
Try comparing people who do the same work and the same amount of that work. The gap disappears.
It HAS to be much more than that. I mean, SURELY Oprah and Beyonce throw the numbers off a bit just between the two of them.
Try just comparing the graduates of Ivy League schools, so it’s from a common baseline. Do the affirmative action students with scores 300 points lower & subpar averages at graduation do as well?
Nope nope
Yeah, and I would have to work until I am 970 to earn as much as Oprah has...
This header reads like it came straight out of Russia. Stop the stupid race baiting.
And how long would an ignorant journalist have to work to make as much as someone with a real job? ‘Till eternity or ‘till the fake news employer goes out of business?
Reality check, Most of the women today, make the same, are in higher managment places or Make more as men, ( check positions in government offices, law firms, and politics). women ARE everywhere, and have many jobs that men ONLY dream abour.THIS is reality.
Color is what we’re talking about?
No... that's not how any of this works.
What about Oprah?
Now do Oprah....and the Obamas
That’s like comparing apples to oranges. The entire headline is race baiting. It’s a flawed idea.
Ain't no black people the very fact that Americans with brown skin are categorized as a color they not shows why you have figures like this its systematic derogatory classification but the people of that segment let it happen so I guess they the only ones to blame 🤔
Tall men make more then short men. Good looking people make more then unattractive people. This is bullshit science. Good luck making life fair🙄
oakdream8 Do you guys think the 'gender pay gap' is a reified, tangible mechanistic causal agent in itself?
comparing women's earning power to a man's is disingenuous on several levels.