GENDER WEALTH INEQUALITY IN U.S.
Female-dominated occupations — such as childcare and restaurant service — continue to occupy the lower rungs of the U.S. wage ladder. Women make up 67 percent of workers earning the federal minimum wage according to the Bureau of Labor Statistics, a wage rate stuck at $7.25 since 2009. By contrast, women represent only 8 percent of CEOs at Fortune 500 firms. CEOs took home $15.5 million on average in 2020.
Poverty is a particularly acute problem for women of color, affecting 21.4 percent of Black women, 18.7 percent of Latinas, and 22.8 percent of Native American women, compared to the national poverty rate for white men of 7.0 percent.