In 2015 for every dollar a man made a woman only made $.79, a gender wage gap of 21%, and according to the Institute for Women's Policy research, men and women saw their median weekly income increase between 2014 and 2015, woman by .9% and men by 2.6%. Unfortunately, because men's increase was so much more significant it caused the gap to widen even more.
The difference in pay between genders is even more severe between men and women of different races, which is part of what causes the woman's percentage to be so low. For example, men hit a peek median salary of $75,000 per year between the ages of 50 to 55. Women, on the other hand, see their salaries start to stagnate between the ages of 35 and 40, when they reach a median salary of only $49,000 per year.
The pay gap has hardly budged in a decade. At the rate we are going, the gap won't close for more than 100 years.
Because of this, researchers have found that women who make less than men with similar skills, experience, and education are 2.5 times more likely to suffer from major depression than men.
Between 2006 and 2015, the gap closed by only .3%. Based on today's wage gap, a woman who worked full time, year round would typically lose $430,480 in a 40 year period. This woman would have to work nearly 11 years longer to make up this lifetime wage gap.
