Gender Pay Gap Extends Into Retirement For Women
The gender wage gap has existed as long as women have been in the workplace, and despite legislation through the years — 1963’s Equal Pay Act, and 2009’s Lilly Ledbetter Fair Pay Restoration Act – the gap doesn’t seem to be closing. That is unfair and wrong, and damaging to far more than the female employees earning smaller paychecks than their male peers. More and more, families rely on the female wage earners for necessities. What’s worse, in a few years, the gap is going to hit everyone where it hurts – in the pocketbook in the form of increased taxes needed to pay for public services for baby boomer women (like me, and thank you for your contribution) who may not be able to make ends meet living on smaller pensions and/or Social Security benefits. So now is as good a time as any to practice a little math.