Impacts of the Gender Wage Gap in Washington State
Women who worked full time year-round earned just 78.6¢ for every dollar earned by men. 1
A woman working full time earns ~$15,000 less ($4.9B collectively) than a man. 2
Women of color experience an even wider gap:
Asian/Pacific Islander: 73%
White: 79% 3
Women with school-age children who work full time earn 58% what comparable fathers earn. 4
~50% of women hold a bachelor’s degree or higher, but earn 63% to that of men with comparable education. 5
Over a 40 year career, a woman earning median income makes ~$544K less than her male counterpart. 6
The wage gap makes it more difficult for women to pay off loans, save for retirement and support families.
Women in the U.S. control 73% of household spending. 7 Closing the gap means more spending power.
3 in 10 businesses are women-owned. 8
1. IWPR Analysis of the 2015 American Community Survey from the Minnesota Population Center’s Integrated Public Use Microdata Series (IPUMS).
2. Women’s Funding Alliance calculations, 2017
4. Women’s Funding Alliance calculations, 2015
7. Michael J. Silverstein and Kate Sayre, Women Want More: How to Capture Your Share of the World’s Largest, Fastest-Growing Market (HarperBusiness, September 2009).
8. U.S. Census Bureau, 2012 Survey of Business Owners.
9. Women’s Funding Alliance calculations, 2015