Fact: According to the Women’s National Law Center, mothers who work full time, year round and have children under 18 at home typically have lower earnings than fathers ($38,000 compared to $55,000), meaning mothers only make 69 cents for every dollar paid to fathers. This translates to a wage gap of 31 cents on the dollar, which is larger than the overall wage gap of 23 cents.
What Should You Do? Working for yourself is one way to have control over your earning power. But not everyone is cut out for business ownership and entrepreneurship. Raising awareness of this issue will ultimately help close the gap over time. Here are some inspiring stories of women who are actively involved in closing the pay gap.
And, speaking of women and money, here is a great story about the women who lobbied to have a woman’s face on U.S. currency.