“Despite huge advances in the past 50 years, American women’s wages are still significantly lower than men’s. For every dollar a man makes, a woman earns only 77 cents. An Institute for Women’s Policy Research study shows it will take 45 more years to close the gender wage gap.
‘ Women’s lower earnings relative to men mean that their families have lower incomes than if there were no wage gap,” said Jeffrey Hayes, a senior research associate at the Institute for Women’s Policy Research. “Women have less money to save for the future, and their Social Security will reflect their lower earnings after they retire. ‘”