Women working full-time, year-round jobs earn 84 cents for every dollar men make, and part-timers make even less. Women have to work well into March before they earn what men made the year before.
A new Pew Research Center report finds that in opposite-sex marriages in the U.S., women's financial contributions have grown, but they're still doing a larger share of housework and caregiving.
It took women working year round full-time jobs 74 extra days to earn what men did in 2021. And the data is worse for women of color, who are disproportionately employed in low-wage jobs.
The unequal division of household work leads to the "mom penalty." For highly educated, high-income women, it could mean losing promotions, future earning power and roles as future leaders.
In-person service jobs, which have been hit hard by the pandemic, are disproportionately done by women. Yet the unemployment rate is only part of the story.