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By Quentin Fottrell
Female personal financial advisers make little more than half (56.4%) of men in the same job, compared with 83% overall, according to a recent analysis by the Institute for Women’s Policy Research, a Washington, D.C.-based research organization. (Critically, that does not account for women who are missing from senior roles in Silicon Valley.)
There are 4.6 million women who work in occupations with poverty-level wages, nearly three times as many as the 1.5 million men who do, the organization concluded. In addition, it found racial disparities compounding gender inequality in the labor market: Black and Hispanic women are more than twice as likely to work in service occupations as white women.