Equal Pay Day, August 23, for African-American women is a full 236 days into a second year that they have to work to be equal in pay to the dollar paid white, non-Hispanic men working just one year. In other words, their median pay in 2014 was 64 cents compared to the white man’s dollar, leaving a gap of 36 cents. One reason for the large wage gap is that African-American women experience both gender and race discrimination leading to a lifetime of low pay. Updated information from 2015 Census data shows that the median earnings for African-American women has declined to 60 percent of the white man’s dollar!
Based on the 2014 wage gap, African-American women would lose $877,480 over a 40-year working career compared to white non-Hispanic men and in some states the lifetime loss could be as high as more than $1 million.
Recent studies have calculated that closing the pay gap for all women would cut the poverty rate in half (8.1 percent to 3.9 percent), and for single women, the poverty rate would drop by more than half to 4.6 percent. At the same time, the economy would receive a huge boost of nearly a half-billion dollars from women receiving equal pay! For women of color, equal pay would lift many out of poverty and provide the financial stability needed to raise their families.