A recent study shows that in 2023, fathers earned 31% more than mothers, underscoring the persistent 'motherhood penalty' in the workforce.
A recent study reveals a significant wage gap between fathers and mothers in the United States. According to a Bankrate analysis of the Census Bureau’s Current Population Survey data, fathers earned 31% more than mothers in 2023. The median annual wage for fathers was $72,280, compared to $55,276 for mothers, highlighting the persistent impact of the "motherhood penalty."The "motherhood penalty" refers to mothers' economic disadvantages in the workforce.
Impact of parenthood on earningsNotably, there is no equivalent "penalty" for men regarding parenthood. Full-time working fathers with children under 18 earned about 23% more than full-time working men without children, with median wages of $72,280 compared to $58,864, respectively.The financial disparity also impacts mental health.
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