The Gender Pay Gap<\/a> The gender pay gap is well documented and has been since 1944 when Winifred Stanley, a congresswoman from New York, introduced a bill titled Prohibiting Discrimination in Pay on Account of Sex. Since then, advancements have been made on behalf of women in the workplace, but the pay gap persists. <\/p>\n\n\n\n The glass ceiling is a colloquial term used to describe the invisible social barrier that prevents women from advancing in business. The concept was first popularized in a 1986 Wall Street Journal article by Hymowitz and Schellhardt discussing the corporate hierarchy. Many women turn to entrepreneurship to achieve their financial goals. <\/p>\n\n\n\n When women earn less, they may have to take on more debt to cover expenses like mortgages, education loans and living costs. <\/p>\n\n\n\n When it comes to women and wealth, spending and money management, women are treated differently by the media. Their capacity for building wealth isn\u2019t assumed. Instead, the focus is placed on spending habits and lifestyle changes. For example, women are often encouraged to find bargains, use coupons and avoid risks. By comparison, articles geared toward men tend to focus on strategic risk-taking and investments. <\/p>\n\n\n\n Identity and intersecting identities are also a determinant when studying wealth, poverty and inequality. Despite disadvantages, women have proven themselves to be capable investors and more generous with their wealth than men. <\/p>\n\n\n\n Consistent shortfalls for women during their working years mean that they trail behind men in their readiness for retirement<\/a>. Additionally, as caretakers, women\u2019s work rarely ends in retirement, and those who are fortunate enough to retire from careers, continue to work in the home, caring for others.\u00a0<\/p>\n\n\n\n Unpaid labor includes domestic tasks, child care, and care work essential for families and households. While this work comes with no paycheck, it contributes value to our society and economy. Those who study the impact of unpaid labor on society estimate that women\u2019s and girls\u2019 value in the United States is $1.48 trillion annually<\/a>. That\u2019s more than twice the US defense budget.<\/p>\n\n\n\n Fixing the gender pay inequality, or closing the gap between what women and men make for the same work, lays a foundation for women and wealth in the future. The data shows the incredible progress that women have made over the past century and how much work is yet to be done to address inequity, especially at the intersections of race and gender.<\/p>\n\n\n\n
Business-Ownership<\/a>
Debt<\/a>
Wealth<\/a>
Retirement<\/a><\/p>\n\n\n\nWomen and The Gender Pay Gap<\/strong><\/h2>\n\n\n\n
![\"Lily](\"https:\/\/www.accrediteddebtrelief.com\/blog\/wp-content\/uploads\/2021\/03\/WomanAndWealth_LillyLQuote.jpg\")
<\/figure>\n\n\n\nWomen and Business-Ownership<\/strong><\/h2>\n\n\n\n
![\"Michelle](\"https:\/\/www.accrediteddebtrelief.com\/blog\/wp-content\/uploads\/2021\/03\/WomanAndWealth_MichelleBQuote.jpg\")
<\/figure>\n\n\n\nWomen and Debt<\/strong><\/h2>\n\n\n\n
![\"Merryn](\"https:\/\/www.accrediteddebtrelief.com\/blog\/wp-content\/uploads\/2021\/03\/WomanAndWealth_MerrynSQuote.jpg\")
<\/figure>\n\n\n\nWomen and Wealth<\/strong><\/h2>\n\n\n\n
![\"Beyonce](\"https:\/\/www.accrediteddebtrelief.com\/blog\/wp-content\/uploads\/2021\/03\/WomanAndWealth_BeyonceKQuote.jpg\")
<\/figure>\n\n\n\nWomen and Retirement<\/strong><\/h2>\n\n\n\n
![\"Candace](\"https:\/\/www.accrediteddebtrelief.com\/blog\/wp-content\/uploads\/2021\/03\/WomanAndWealth_CandaceBQuote.jpg\")
<\/figure>\n\n\n\nWomen and Unpaid Labor<\/strong><\/h2>\n\n\n\n
![\"Deborah](\"https:\/\/www.accrediteddebtrelief.com\/blog\/wp-content\/uploads\/2021\/03\/WomanAndWealth_DeborahLQuote.jpg\")
<\/figure>\n\n\n\nProgress for Women<\/h2>\n\n\n\n
Learn more about the invisibility of race in gender pay gap discussions<\/a>.<\/p>\n\n\n\n