Is there a disparity between the earnings of men and women in the same age group?
Latest figures published by TUC shows that fifty-year-old women earn close to one-fifth less than their male counterparts. Even though women have had a commendable growth rate in the last two decades, they are still earning much less compared to men.
The TUC analysis has found that a woman in her 50s, working full-time earns an average of Ģ11.99 per hour, and a man of the same age, about (Ģ14.69) per hour.
The analysis showed that women aged between 50 to 59 experience the greatest disparity in earnings compared to men in the same age group. Women earn pretty well in their 20's, and earn much more than men, but the difference begins to show up in the 30's. Men seem to be catching up with the earnings of women. But, it is the 40's and 50's that women end up earning much less than men.
Frances O'Grady, general secretary of the TUC, said: 'Low pay remains a big problem for women. This is particularly the case for the millions of women who have been badly let down by the pension system and who are approaching retirement with little or no savings. Part-time work is the only option available for many older women who also have to look after loved ones, either their grandchildren or their own parents, who may no longer be able to work long hours.'