Report: Black Women Earn 62 Cents for Every Dollar a White Man Earns

Women in the U.S. still experience a major gender wage gap, 55 years after the Equal Pay Act was passed, Business Insider reports.

On average, American women earn 80 cents for every dollar their male counterparts earn, according to a report by the Senate Joint Economic Committee Democratic Staff. Their annual earnings are roughly $10,500 less than men.

Women also make less than men regardless the educational difference between the two, per the report.

“A woman with a graduate degree earns $5,000 less than a man with a bachelor’s degree,” the report says.

The issue is even greater with Black women and other women of color. African-American women earn 62 cents for every dollar a White man earns, Hispanic women make 54 cents.

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Over half a century after the US passed the Equal Pay Act, American women still face a substantial gender wage gap across the spectrum. –– Today, on average, a woman earns 80.5 cents for every dollar a man earns, and women's median annual earnings are $10,086 less than men's, according to data from the US Census Bureau. –– While progress has been made toward pay parity between the sexes, the Institute for Women's Policy Research estimates that it will not be reached until 2059. –– These charts illustrate the significant pay discrepancies between men and women based on race, age, geographical location, and more. You can read more about the gender pay gap via the link in our bio. #EqualPayDay 🎨: @bi_graphics

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The report also breaks down the earning gap by state. Wyoming has the largest gap between men and women at 36 percent with New York and Delaware taking the top spots at 11 percent.