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Career gender gap costs average $434,000.(NEWSWATCH)(Brief article)

Women in Higher Education

| January 01, 2009 | COPYRIGHT 2009 Women in Higher Education. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Over a 40-year career, the average full-time female employee will lose about $434,000 as a result of the gender pay gap, according to the Center for American Progress Action Fund's new report, "Lifetime Losses: The Career Wage Gap."

The gap begins at about $1,700 per year among 25 to 29-year olds and widens to more than $14,000 annually by retirement age. It's even worse for Hispanic and African-American women.

Women with degrees lose more than their less-educated counterparts. Over the course of their careers, the average woman with a bachelor's degree will earn $713,000 less than her male counterpart, while a woman who did not finish ...

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