The $849,000 Disadvantage for Being Female

disadvantage of being female_lead
FinanceInfographicWomen's Rights 6 Comments

Men are saving more than twice as much as women, according to a new data report by SaveUp. The data shows that men are saving more aggressively for retirement, and that women may not be as financially prepared for the future as they should or could be. Although behavioral factors do play a part, there’s also an intrinsic cost for just simply being female that is staggering.

disadvantage of being female

Infographic courtesy of BrainTrack
  • Leah

    Wow, this is surprising in a way. My boss (who is a woman) encourages us gals in the office to save like crazy. Every time we get a raise, she drills it into us to put it into our 401k, and since she is close to retirement age and is facing the reality of how important savings really are, we usually heed her advice. This chart also neglects to note how expensive women’s hair care and cosmetics are, but that’s really a whole other story in and of itself!

    • Lorraine

      I was thinking the same thing, in regard to the cost of cosmetics and beauty products!

  • William

    Quick question: Why is it so difficult to figure out the pay discrepancy between men and women?

    Every time I see that brought up in an article I see different numbers. Here the chart says between .57 and .77 compared to $1 a man makes. Other places put it at .70 to .78 to $1. Seriously, which workplaces are the ones that are throwing this figure off by so much that all women get paid 3/4 compared to men? In my work experience I’ve never seen such a thing, and I’m really wondering how it is that businesses can be doing this.

    • sniktawekim

      They aren’t.
      The statistics are flawed, and use flawed means to gather data.
      Its no wonder, seeing as they are funded by a group that has a desire for the outcome of the study to be the way it is.

  • gargouille

    I think businesses get away with it shrewdly. In my workplace, it came to light that a man and a woman with exactly the same administrative title were paid vastly different amounts. Two major factors were involved: the man was considered more of a flight risk (he’d leave, his wife would follow, whereas her husband had a local job and so she would not leave) and the woman made less to begin with, so the substantial admin raise only seemed to exaggerate the discrepancy. This must happen all the time. My experience is also that (male) directors don’t make it a priority to equalize pay unless women complain and level threats. That’s the saddest part. Pay equality should be a right, not a special privilege that you earn by freaking out.

  • Men face additional costs for being female? You know, I would gladly pay those extra costs if it meant that I would live YEARS longer; be only 6% of workplace deaths and only 20% of suicides; not be subject to a draft; have the choice of whether to work or stay home; get far lighter sentences for any crime; and on, and on, and on.

    Only women could turn longer life expectancy into a DISadvantage.