Recognizing Equal Pay Significance and Gender Wage Disparity
This U.S. Congressional resolution highlights the issue of unequal pay between women and men, noting that women generally earn less than men for the same work. The document points out how this disparity affects family finances, retirement savings, and the overall economy, and that these inequalities are particularly evident among various ethnic groups and women with disabilities. The aim is to draw attention to the need to support equal pay.
Key points
Women in the U.S. earn an average of 84 cents for every dollar earned by men, leading to significant financial losses over a career.
Wage disparities impact women's ability to save for retirement and pay off student loans, increasing poverty risk among older women.
Eliminating the pay gap could significantly improve family financial situations, increase spending on essential needs, and strengthen the national economy.
Expired
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