ESPC works closely with the Wyoming Coalition for Healthy Retirement (WCHR). Sometimes, that work aligns closely with the Gender Lens Project. Here are a few ways the two efforts intersect:
- The “gender wealth gap” is just 32 cents to a man’s dollar, much worse — and frankly, much more meaningful — than the more commonly cited 82-cents-to-the-dollar gender pay gap.
- In 2016, women age 65 and older had a median household retirement income of $47,244, which is 83 percent of median household income for men ($57,144). (citation)
- Women earn less than men over the course of their career. Men with savings in a defined contribution (DC) plan far surpass the earnings trajectory of women with savings in a DC plan, and earn significantly more than women without DC savings. (citation)
- “There are 28,625 members who are drawing a retirement benefit (some may be drawing in more than one plan, so I removed the duplicate party IDs). Of those, 12,375 are male and 16,250 are female.” -WRS
- The Wyoming Women’s Action Network points out that women in Wyoming lack the economic agency of their male counterparts. And that means that Wyoming’s economy isn’t as strong as it could be. (citation)
- Curious to know more about what it takes to be self-sufficient in Wyoming? Check out the data in the Wyoming Women’s Foundation 2020 Self-Sufficiency Standard for WY.
- According to Sallie Krawcheck of Ellevest, “It may be early days, but women are losing jobs at a greater rate than men during this pandemic, even though women (particularly women of color) make up a greater percentage of essential workers who are on the front lines.”