![]() The impact of the wage gap adds up: Black women lose $2,000 per month, $24,000 annually and $964,000 over the course of a 40-year career. “They are short-changed their entire working lives and then they are short-changed into retirement.” “For Black women in this country, in particular, the wage gap … increases their inability to retire, increases their inability to save,” Goss Graves says. And this pay discrepancy leads to a wealth gap over the course of a career, says Fatima Goss Graves, president and CEO of the National Women's Law Center.Īs the wage gap grows over time, it leaves many Black women with little to no savings at the end of their lives, she says. and it's even wider between Black women and white men. The wage gap persists between men and women in the U.S. Tuesday marks Black Women's Equal Pay Day, which indicates how far into 2021 Black women like Tucker need to work to earn the same wages white, non-Hispanic men made in 2020. I would love to do what most people do with their grandkids, you know, take them on vacations, do fun things with them,” she says. She even jokes that she’ll retire 15 minutes before her death. The 72-year-old says she needs to keep working to pay her bills and buy food. ![]() (Getty Images)ĭespite working in foodservice and hospitality for 60 years, Venorica Tucker can’t retire right now. ![]() Facebook Email Black women are paid 63 cents for every dollar made by white men, according to the National Women’s Law Center.
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