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Katherine Lewis

What Equal Pay Would Mean for You: Another $10,784 a Year

By April 17, 2012

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Could you use another $10,784? If you're a working woman, that's the median amount that your male counterparts earn above and beyond your annual pay, according to new analysis by the National Partnership for Women and Families. That's right, American men make nearly 11 grand more just due to their gender. Today is Equal Pay Day, a fitting time to explore this pay gap, the day when the typical woman's earnings for 2011 plus 2012 finally equal a man's pay in 2011.

"The Equal Pay Act was enacted 49 years ago and women are still paid 23 cents less than men on the dollar," said Debra L. Ness, president of the partnership. "This new analysis illustrates just how much harm the wage gap does to women and families throughout the country, and especially to women of color where the gap between the wages paid to women and men is staggering."

African American women and Latinas earn $19,575 and $23,873 less than their male counterparts, respectively. If the gender pay gap were eliminated, women in Washington could buy an additional 1.7 years' worth of food. In Colorado, working women could purchase 2,746 more gallons of gas. Wisconsin's women could afford 14 more months of rent, and Connecticut's women could pay family health insurance premiums for 3.7 years, according to the partnership's new report on the pay gap in each state.

What does Equal Pay Day mean to you? How does your state compare to the nation? Please share your thoughts in the comments section.

Photo credit: Getty Images

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