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Gender Wage Gap

All articles tagged with #gender wage gap

finance2 years ago

The Unprecedented Opportunity for Women in the $68 Trillion Wealth Transfer

Women are poised to benefit from the $68 trillion great wealth transfer as they are expected to inherit a significant portion of the wealth being passed down by baby boomers. This presents an unprecedented opportunity for women to achieve financial security. However, women have historically faced financial disparities due to the gender wage gap and other factors. To make the most of this opportunity, women are advised to take a proactive role in their financial lives, seek financial advice, and set clear goals for their inheritance, such as securing a retirement plan, paying off debt, or investing in assets.

via CNBC|
#finance#financial-planning#gender-wage-gap
finance2 years ago

Gender Pay Gap: Women Face Financial Struggles Living Paycheck to Paycheck

A recent report from Varo Bank reveals that women are "significantly more likely" than men to live paycheck to paycheck, with 59% of women and 41% of men facing financial difficulties. This discrepancy is attributed to factors such as the gender wage gap and women's roles as caregivers, leading to breaks in their careers or part-time work. The persistent wealth discrepancy is particularly challenging for women nearing retirement. Financial literacy is emphasized as crucial for women to achieve financial stability, with experts recommending meeting with financial advisors and taking an active role in financial decision-making.

via CNBC|
#finance#financial-decision-making#financial-literacy
economics2 years ago

Claudia Goldin Receives Nobel Prize for Research on Women in the Labor Market

Claudia Goldin, a Harvard professor, has been awarded the Nobel Memorial Prize in Economic Sciences for her research on women's progress in the workforce. She is the third woman to win the economics Nobel and the first to be honored with it solo. Goldin's research has highlighted the reasons behind differences in labor force participation and earnings for women, showing that employment among married women decreased in the 1800s but increased in the 1990s with the expansion of the service sector. She has also demonstrated that the gender wage gap persists, particularly after the birth of a woman's first child.

via The New York Times|
#claudia-goldin#economics#gender-wage-gap
politics2 years ago

Biden's Tweet on Equal Pay Sparks Controversy.

President Biden was criticized on social media for tweeting a handwritten letter allegedly written by a little girl named Charlotte, asking him to "fix" the gender wage gap. Many users suggested the letter was fake due to its errors and questioned whether Biden's staff had written it. Critics also pointed out the irony of Biden's commitment to equal pay, given his son Hunter's involvement with the Ukrainian energy company Burisma.

via Fox News|
#biden#criticism#fake-letter