Why Moms Face a Pay Penalty — and What to Do About It

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 14 May 2023

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Becoming a mother can transform your life: providing a new sense of purpose, expanding your family and, potentially, limiting your earning power. In this episode, Sean and NerdWallet writer Amanda Barroso dig into the motherhood pay gap, including what it is, where it comes from and how to fix it. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:29.9	Happy Mother's Day, Amanda.
0:31.9	Thank you, Sean.
0:32.9	I'm sitting here in my closet where I record all the podcasts and my toddler is right outside the door.
0:39.2	I'm feeling about 20 months pregnant with our second. So needless to say, I'm feeling very much
0:44.1	like a mother right now. You are channeling and embodying Mother's Day right now. So how are you
0:50.0	celebrating your day? So aside from a delicious brunch cooked by my husband and some family time,
0:56.3	I'm setting aside some time to chat with you about the gender pay gap and how it widens for
1:01.2	women once they become moms. So I think we really need a multi-pronged approach to this. Like we need
1:08.1	stuff to happen at the employer level. We need stuff to happen at the employer level. We need stuff to happen at the
1:11.2	state level. We need stuff to happen at the federal level.
1:25.5	Welcome to the NerdWallet Smart Money podcast. I'm Sean Piles. I'm here with NerdWallet writer Amanda Barroso for a special Mother's Day episode about the gender pay gap and the motherhood penalty women face. Welcome back to Smart Money, Amanda.
1:37.9	Hey, Sean, I'm happy to be here with you. You know, the gender pay gap probably isn't the first thing that comes to mind when people think about Mother's Day.
	...

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