Income (2)

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Women of all races who worked full time, year-round in 2020 were paid on average just 83 cents for every dollar paid to men, according to a National Women's Law Center report released ahead of Equal Pay Day on Tuesday. The symbolic day marks how far into the year most women must work to earn what men were paid in the previous year.

“It seems like it’s just a few pennies on the dollar, but it adds up,” Jasmine Tucker, the report’s author, told NBC News. “But Latinas in particular face some of the largest wage gaps.” Latinas only earn 57 cents for every dollar paid to a non-Hispanic man — meaning they have to work at least 21 months, nearly two years, to match a white man’s yearly income. READ MORE AT NBCNEWS

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The racial income gap persists

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A new study conducted by researchers at Stanford, Harvard and the Census Bureau, finds that in 99 percent of neighborhoods in the United States, black boys earn less in adulthood than white boys who come from similar socioeconomic backgrounds. This undermines the widely-held belief that class, not race, is the most fundamental predictor of economic outcomes for children in the U.S.

The study looked at racial disparities in income over generations by looking at de-identified data from 20 million U.S. children and their parents. It tracked outcomes for Hispanic, white, Asian, black and Native Americans. READ MORE AT NPR

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