Image via WikipediaWe tend to think that gender inequity is an issue for the young. Wrong again.
Job counselors report growth in their "older women" clients category. Who makes up that category?
They're finding women in their 60's, 70's, and even 80's looking for work these days. Here are some of the reasons.
The Institute on Women: GRANDMA GOES TO WORK: "The economic challenges women face as they age are well documented; when compared to similarly aged men:
- older women workers are less likely to be living with a partner or spouse (62% vs. 80% for men), and are more likely to be on their own when it comes to household resources. (1)
- older women are less likely to have had continuous employment throughout their adult lives, affecting both their record of work experience and their contribution to Social Security or pension funds. (1)
- older women are more likely to be working part-time (25% vs. 8% for men), and not necessarily by choice: 16.9% of women age 60-64 report being underemployed, vs. 12.1% of men the same age. (2)
- older women (age 55 to 59) workers are more likely to have no expectation of retirement benefits (40% of women vs. 27% of men) and are more likely (43% of women vs. 30% of men) to report that they are working because they need the income to pay day to day living expenses. (3)
- older women employees generally live in households with lower family incomes than their male counterparts ($64,444 vs. $80,839). (1)
- for older female workers, the wage gap in hourly rates is 69 cents for every dollar earned by a man. (1)"