Bankrate survey shows the motherhood penalty can cost women $500k+ in career earnings ...Middle East

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Bankrate survey shows the motherhood penalty can cost women $500k+ in career earnings
Balancing career and family has long been difficult for men and women, regardless of their family structure. But for mothers there can be a particularly high penalty for being in the workplace, and new analysis from Bankrate shows that they can miss out on over $500,000 in earnings across a 30-year career. The figure emerged when Bankrate analyzed the Census Bureau’s Current Population Survey data, discovering in the process that mothers earned 31 percent less in wages than fathers in 2023, which is a similar percentage difference to 2022 (32 percent). It also showed that these lost wages can “compound significantly”, adding up to around $500,000 for mothers over a 30-year career

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