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On this National Latina Pay Equity Day — set aside on Dec. 8 to focus on the pay gap between Latinas and non-Hispanic white men — advocates are pressing a distinct message: It's worse than you think. The true reality of millions of working women has not been reflected in calculations of the wage gap by leaving out women who work part-time, seasonal or migrant jobs, Ramírez said. For Latinas, it takes an average of 24 months to equal what white, non-Hispanic males are paid in 12 months. According to the Justice for Women report, non-Hispanic white men working full and part time on average earn $50,624 per year, while Latinas working full and part time average $25,312. Among Latinas specifically working full time, year-round, women of Honduran descent had the lowest earnings compared to non-Hispanic white men, at 44 cents for every dollar earned.

☆ December 8 is this year's Latina Equal Pay Day, or the day Latina workers finally earn what white men made in just 2021
▼ + stars: | 2022-12-08 | by ( Madison Hoff | ) www.businessinsider.com time to read: +4 min

That means it takes Latinas almost all of 2022 to make what non-Hispanic white men made in just 2021. Latinas earn 54% of what white men earn per Census Bureau data. NWLC's analysis of Census Bureau data show full-time, year-round working Latinas earned 57% of non-Hispanic white men's median earnings. That means an overall lifetime earnings loss for Latinas working full-time, year-round of almost $1.2 million, which can have serious consequences. "Latinas ask for promotions and raises at similar rates to white men, they're just not getting them," Sandberg said in a statement.

☆ Latinas lose $1.2 million over their careers due to the pay gap—here's what needs to change
▼ + stars: | 2022-12-08 | by ( Morgan Smith | ) www.cnbc.com time to read: +4 min

That pay gap translates to a staggering loss of nearly $1.2 million over a 40-year career. Latinas with the largest pay gaps often work as maids, child-care workers and cashiers, among other critical, undervalued occupations, the Center for American Progress reports. Honduran women, for example, only make 44 cents, Guatemalan women make 47 cents, and Salvadoran women make 49 cents for every dollar paid to white, non-Hispanic men, the NWLC reports. While the largest explained causes of the pay gap include the segregation of Latinas into lower-paying occupations and a history of discrimination and bias in hiring and salary decisions, a significant part of the pay gap can't be accounted for by these factors. Increasing pay transparency, providing Latinas access to information, negotiation tactics and connecting them with allies in the workplace can help Latinas in the fight for equal pay.

☆ This non-profit has raised over $10 million to support Indigenous women entrepreneurs: 'It's up to us to close the racial wealth gap'
▼ + stars: | 2022-11-30 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Here's how one non-profit, Native Women Lead, is enabling Indigenous women's economic mobility:'It's up to use to close the racial wealth gap'Native Women Lead was founded in 2017 by eight Native American women entrepreneurs: Jaime Gloshay, Kalika Davis, Lisa Foreman, Kim Gleason, Vanessa Roanhorse, Alicia Ortega, Stephine Poston and Jaclyn Roessel. That conversation inspired the creation of Native Women Lead, an Albuquerque-based non-profit that aims to help Indigenous women entrepreneurs across the world access the capital, mentors, financial education and support needed to thrive in their careers and narrow the wealth gap. To date, Native Women Lead has provided about $500,000 to 65 Indigenous women entrepreneurs through the two funds, partnering with credit unions and investing firms such as Nusenda Credit Union and ImpactAssets to connect entrepreneurs with capital. While closing the wealth gap might start with funding opportunities, Native Women Lead views wealth as "more than just revenue or profits," Stephine Poston, one of the group's co-founders, says. Keeping this in mind, Native Women Lead offers wellness-focused retreats for Indigenous women as well as fireside chats on self-care practices, healing from trauma and other mental health topics.

☆ 'It's a disastrous situation': Women leaders are leaving companies at the highest rate ever
▼ + stars: | 2022-10-18 | by ( Morgan Smith | ) www.cnbc.com time to read: +5 min

Women leaders are leaving their companies at the highest rate ever, and the gap between women and men in senior roles quitting their jobs is the largest it's ever been, according to new data from LeanIn.org and McKinsey & Company, which started tracking these numbers in 2015. Women are still struggling to climb the corporate ladderMore than half (58%) of women under 30 say career advancement has become more important to them over the past two years, compared to 31% of women leaders. What's more, women leaders are twice as likely as men leaders to be mistaken for someone more junior — and 37% of women leaders have had a co-worker receive credit for their idea, compared to 27% of men leaders. "It's a disastrous situation … you're not promoting enough women into the leadership ranks, and now you have more women leaving leadership roles," Thomas says. "In a world where women remain dramatically underrepresented in senior leadership, those two problems together create a pretty awful one-two punch for companies trying to hold on to women leaders."

☆ September 21 is Black Women's Equal Pay Day. It shows how far America has to go to close the gender and racial wage gap.
▼ + stars: | 2022-09-21 | by ( Madison Hoff | ) www.businessinsider.com time to read: +5 min

September 21 is Black Women's Equal Pay Day. The pay gap affects Black women in multiple ways, including their savings for retirement. Equal pay day is calculated based on the size of that wage gap. The over $900,000 in loses over a 40-year career for Black women from the pay gap can negatively impact Black women financially. Mason said the money lost due to the pay gap affects "their ability to build wealth."

☆ How this 29-year-old is helping Black women land jobs at Disney, Amazon—and increase their pay by as much as $60K
▼ + stars: | 2022-09-21 | by ( Morgan Smith | ) www.cnbc.com time to read: +2 min

#HireBlack's mission is to get 10,000 Black women hired, trained and promoted. Tolbert, who serves as CEO, and her team of eight employees work with top companies such as Amazon, Uber and Disney to recruit and hire Black women. Another aspect of #HireBlack's mission is to help close the stark pay gap Black women still face: Black women working full-time, year-round make just 67 cents for every dollar paid to white, non-Hispanic men, according to new research from the National Women's Law Center. The wage gap shortchanges Black women $22,692 per year and $907,680 over the span of a 40-year career. Since its inception, #HireBlack has helped Black women boost their collective earnings by over $2 million, with some women seeing pay raises as high as $60,000, Tolbert reports.

☆ Millennials, Gen X, and boomer family members are cohabitating more than ever — and it's helping with their finances
▼ + stars: | 2022-04-07 | by ( Madison Hoff | ) www.businessinsider.com time to read: +6 min

The share of people in the US living in multigenerational households has gone up compared to decades prior. Money is the biggest reason to live in a multigenerational household, a Pew survey found. In the survey, 67% reported "financial issues" as either a major or minor reason they live in a multigenerational household. For many young adults, living with parents or grandparents can be a financial lifesaver. Twenty-nine percent of lower-income US adult respondents living in multigenerational households said this has helped them a lot with their own finances.

☆ Black women in the legal world celebrate Ketanji Brown Jackson's historic Supreme Court nomination as a 'victory' for all Americans
▼ + stars: | 2022-03-03 | by ( Oma Seddiq | ) www.businessinsider.com time to read: +13 min

The two were enrolled in the same classes, both members of the Black Law Students Association, and lived in the same dormitory building. Black women in the legal world celebrated Jackson's Supreme Court nomination, a milestone that they said marks significant progress for their representation in the legal field, but also for the country as a whole. Installing judges of diverse backgrounds can better ensure the legal system is working equitably for all Americans, Black women in the legal field told Insider. "Now when I tell her, 'You could be a Supreme Court justice,' she can look at the Supreme Court and think, 'Yes, I could, there's someone there who looks like me.'" MoveOnORG activists call for the immediate confirmation of Judge Ketanji Brown Jackson for the Supreme Court on February 25.

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