How you can help close the wage gap for black women
Seven action steps any credit union can take
On average, Black women are currently paid 63 cents for every $1 paid to a non-Hispanic white man, according to 2020 U.S. Census data as reported by the National Partnership for Women and Children.
For a Black woman working full time, this amounts to a median wage gap of $24,110 a year, and close to a million dollars a year over a 40-year career. Some groups calculate that a Black woman will have to work an extra 145 days—or a 510-day year—to reach parity.
Back in August, members of a virtual panel hosted by Futures Without Violence discussed, among other topics, what organizations can do to address this gap.
Shannon Williams, director of Equal Pay Today, offered three clear action steps.
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