In 2023, the typical woman who worked full-time year-round was paid just 82.7 cents for every dollar paid to a man. This gap in earnings translates to thousands of dollars less per year to spend on children, invest in a mortgage, pay off student loans, and save for retirement or emergencies. Wage gaps point to deep gender and racial inequality in the US labor market, with Native and Latina women making barely more than half of what White men are paid.