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HerMoney with Jean Chatzky

Ep 339: The Gender Pay Gap, Revisited

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.71.5K Ratings

🗓️ 5 October 2022

⏱️ 54 minutes

🧾️ Download transcript

Summary

Women have been fighting for equal pay for more than a century, but the gender wage gap is far from old news. It’s still around, and there’s still more to learn about it. What do we need to know to close the gap, once and for all? We talk about the latest research with Lauren Weber, a Wall Street Journal reporter and co-author of a new study about the gender pay gap. In Mailbag, we answer questions about retirement savings benchmarks, and how much you should pay for a financial advisor. In Thrive, how to reduce costs as a wedding guest. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an AirWave Media Podcast.

0:04.0

In terms of fields where there were very common gaps favoring men, there were so many,

0:12.3

the vast majority, qualified for that, but we saw huge gaps in law schools, dentistry,

0:18.3

even in programs where women outnumber men, such as education programs, we found for a lot

0:23.5

of education credentials men were out earning women.

0:26.4

So it was really across the board.

0:35.4

Growing wealth while supporting your family, it isn't easy, but with a well-crafted plan

0:40.4

you can take on anything.

0:42.4

Visit planefe.com slash her money to schedule a free appointment with an advisor today.

0:49.1

Juggling finances can be overwhelming, but it's possible to find a better balance.

0:54.9

Hey everyone, I'm Jean Chatsky, thanks so much for joining me today on her money.

1:00.6

So we are going to dive into one of my least favorite topics today, the gender wage gap.

1:09.8

Yeah, yeah, yeah, we've made some progress, but women still earn an average of 83 cents

1:16.8

for every dollar a man makes, and that's the average woman.

1:22.0

The gap is even greater for women of color, and by some estimations, the pandemic set back

1:28.7

our progress towards closing the gap by two decades.

1:33.6

Look, women have been demanding equal pay for equal work for more than a century, yet there

1:41.0

are still debates on whether or not the gap even really exists.

1:47.3

Going to a poll by the Global Institute of Women's Leadership, one in five men.

1:54.6

Why is this not surprising?

1:56.3

One in five men think that reports about the gender pay gap are, quote unquote, fake news.

2:04.9

The truth is that the pay gap is complicated.

...

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