When it comes to finance, men and women differ greatly in just about every aspect. Whether it’s the way each gender handles debt, or simply how men and women view money, the great divide between the genders shows no sign of narrowing. Unfortunately, this not only goes for how men and women spend money, but how they earn it, too.
According to a report released by the Bureau of Labor Statistics, not all jobs are created equal, either, when it comes to wage inequality between the sexes. Generally speaking, not much has changed on the gender gap front. In 2009, women working full-time overall earned about 80 percent of what their male counterparts did for the same work. The interesting part is that the wage gap varies wildly by industry.
So what are the statistics? A woman working in construction–and there aren’t many out there–earns 92.2 percent of what a man does. But a woman working in finance only brings home about 71 percent of a man’s salary.
Other big gaps occurred in the wholesale and retail trade industries, where women earn 76 percent of men’s earnings ($523 a week). The same goes for education and health services. Women bring home on average $717 a week (77 percent of men’s earnings).
See the chart below for more information.
Here is the REAL reason why women earn less than men: http://andreasmoser.wordpress.com/2011/02/19/gender-pay-gap/ They have different expectations in life, and the female preference for rich men forces men to earn more.