Gender Pay Gap Widens After Years of Progress

The gender pay gap widened for the second consecutive year in 2024, according to data released by the U.S. Census Bureau on Tuesday. Where the median annual pay for female full-time, year-round workers aged 15 and older was $57,520 in 2024, the figure stood at $71,090 for male workers. That means for every dollar earned by men, women earned just $0.81.

As our chart shows, progress has been made over the past six decades, as the female-to-male pay ratio has gradually improved from less than 60 percent in the 1960s to more than 80 percent in recent years. Progress has been painfully slow, though, and full equality of pay is still a long way out. In 2023, the pay gap even widened for the first time in years - one of many small setbacks amid an overall positive trend. Moreover, the gender pay gap is not the same for all women. It is significantly wider for Black, Hispanic and Native American women as well as for working moms.

Interestingly, education is not the key to closing the gap between male and female remuneration. Looking at workers with a bachelor’s degree or higher across various high- and low-earning fields from electrical engineering to social work, the U.S. Census Bureau found a significant pay gap between men and women in all of them. And not only that: an analysis by the Economic Policy Institute found that the gender pay gap even widens with education levels, ranging from 20 percent for workers without a high school diploma to 30 percent for those with an advanced degree.