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#shiftTheBalance

You already know that women earn 79 cents on the dollar compared to men, but what about the hidden costs? From the Pink Tax to the Daddy Bonus, our interactive quiz exposes what’s really at stake, what it means for you, and what you can do about it.

CALCULATE YOUR WAGE GAP

An average woman working in your field makes $0 to a man's $50.

This translates to:

$less per hour
$less per year
$between now
& retirement

NEGOTIATION TIP

If base salary isn’t negotiable, ask if bonuses, extra paid vacation time or other benefits are.

READ

ARTICLE

4 Negotiation Strategies to Narrow Your Pay Gap

WATCH

EARNINGS FROM INVESTMENTS

The gap doesn’t end there.

If you’re making more, that means you also have more money to invest.

When you calculate the amount of interest earned on savings, the wage gap widens to $ more over the next 33 years until your retirement.

If you’re making less, that means you also have less money to invest.

When you calculate the amount of interest lost on savings, your wage gap widens to $ less over the next 33 years until your retirement.

READ

ARTICLE

6 Things Every New Investor Should Know

DO

Save a minimum of 10 percent of your salary. Through compounding interest, you'll reach the $1 million mark.

Source: Assumes 5% compounded annual interest until age 65 retirement.

WHAT DOES THIS MEAN FOR YOU?

Your wage gap compounded with interest translates to:

House
5,000 Monthly House Payments
Vacations
2,000 Weekend Vacations for 2 to Paris
Source: Bureau of Labor Statistics, U.S. Department of Labor; The Balance Data Sciences

WOMEN'S PRODUCTS COST MORE

The pink tax

There’s a common practice among service providers and companies to charge more for products marketed to women than identical products marketed to men.

Do Your Homework

The next time you’re at the store, check out two similar products that are marketed to men versus women. Which costs more? Is the traditionally feminine color or design worth the extra cost?

DO THE MATH

I will spend $816 moreless on deodorant in my lifetime because I am a womanman.

LEARN

Pink tax
Tell Your Friends Pinterest circle
Source: NYC Department of Consumer Affairs

EDUCATION

Think about it.

Men and women start with the same student loan debt, but on average, the wage gap means that it takes women longer to pay off their loans.

The longer it takes to pay off loans, the more interest is accrued.

The more interest accrued, the higher the total cost of education.

The Bottom Line: The same education costs women more than it costs men.

READ

ARTICLE

7 Steps to Help You Pay Off Your Student Loans

Percentage of Student Loan Debt
Paid Off 5 Years Post-Graduation

44 placeholder Men
33 placeholder Women
Source: American Association of University Women

PARENTAL LEAVE

Parental leave is complicated.

Women lose when they take leave, but men gain when they do.

Taking maternity leave typically results in lost promotions and raises.

Taking paternity leave closes the wage gap for the mother because both parents are able to share parenting responsibilities.

READ

ARTICLE

The Challenges of Working Women

Overcoming the Challenges of Working Women

DEFINITION

“The Daddy Bonus”: men with children earn more than men without children (the opposite is true for women)

Take action.

For more advice on how you can shift the balance in your life, visit The Balance and follow us on
Facebook, Twitter and Pinterest.

VISIT THE BALANCE

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