No matter how much we talk about feminism or equality on the International Women's Day, the fact remains that this is still a man's world. Especially, when we are talking about financial power in the US. Women earn significantly less than men in almost every state of the country. On an average, women earn $10,291 less than men in all the states of the country. As per the Census Bureau, women were paid 78 percent of what men made in 2013. And, as per the July report from Oxfam, it'll take another 75 years for women to reduce the income inequality.
You're wrong. The number one stress factor for women is not men. The biggest stress factor for women these days is money. They worry more about financial woes than men. In fact, 51% women spend sleepless nights due to financial problems at night. But only 32 percent men have problems to sleep due to money. Again, 32% of adults are unable to lead a normal and healthy life due to pressing financial needs. But 12% of these people don't even consult a doctor due to financial worries.
Perhaps, the most interesting feature of the pay gap is:
Richest person in most states is a man. And the combined wealth of richest persons in each state is $676.29 billion dollars. On the other hand, the total wealth of richest women is $365.75 billion dollars.
|Jack C Taylor||$15.1B|
|Anne Cox Chambers||$16.6B|
|Laurene Powell Jobs||$15.6B|
|Susan Marley Newhouse||$8.2B|
* There are only 9 states where women are the richest persons in the country.
It's high time women take their career seriously and plan their finances properly. And, when they're working as hard as men, they should be reimbursed equally. A lot of women find it intimidating to start a money conversation. Time has come when they should learn the tricks to negotiate salaries and promotions. Otherwise, the gender pay gap will not minimize in the next 100 years or so.
This is a little drastic step. If you're unsatisfied with your salary, then start looking for another job with a better payscale. Once you get a job, put down your papers immediately. Your present employer may give you a hike instantly.