marks Equal Pay Day on November 5, highlighting a 15.5 percent gender pay gap for full-time work. This figure shows a slight improvement from last year's 16.3 percent. A Momentum Institute analysis reveals that the gap widens significantly with age.
The study shows the pay gap is 7 percent for those under 30, rising to 18 percent for those aged 50 to 59. Parental status is a major factor, as mothers earn 18.6 percent less than fathers, while women without children face a smaller 10.1 percent disparity.
Regional differences are stark, with the gap for mothers ranging from 9 percent in to 29 percent in . Managers face a 23 percent gap. The Momentum Institute suggests raising wages in sectors like nursing, education, retail, and social work.