Survey says womens earnings peak 11 years earlier than men at $35K

Survey says womens earnings peak 11 years earlier than men at $35KSurvey says womens earnings peak 11 years earlier than men at $35KCollege-educated womens earnings peak a median 11 years earlier than mens earnings and they earn $35,000 less,according to datafrom a new report by salary site PayScale.Pay for women peaks at age 44, with earnings of an average of $66,700 a year, according to Payscale, while mens earnings peak at age 55 at an average of $101,200.Follow Ladders on FlipboardFollow Ladders magazines on Flipboard covering Happiness, Productivity, Job Satisfaction, Neuroscience, and moraPayScale obtained this data by examining a sample of more than 1.4 million workers who took their salary survey between April 2016 and April 2019. The sample included workers age 22 to 60 with a Bachelors degree and looked across 22 industries.The gender gap begins almost as soon as men and women begin their careers at age 22, the median wage for women was $40,400, in comparison to $52,500 fo r men.The disparity is even more revealing once you select by race as well as gender. Black womens income peaked at $61,000 at the average aver of 52 the lowest of all demographics measured.Black men also have low peaks the lowest among the males studied. Their average earnings peaked at $80,000 at age 59, the lowest among the males studied.Of course, between the ages of 29-38, many educated women begin to have children, resulting in the motherhood penalty on salary and availability of hours and even her job. Many reduce the number of hours they work. According to the report, This becomes more clear when we look at which occupations have the largest gaps in wage growth. Greedy jobs, i.e. those that pay a premium for working long hours, have the largest divergence in the growth satz of wages for men and women.Some of those occupations often high-paying are industries like law. In the legal field, women reach their peak earnings at age 35, with a median salary of $75,000. While it can be surmised that many took a financial hit to have a child men went on to reach their peak earnings of $168,800 at age 56.Other industries with large gender pay gaps are healthcare, sales, life sciences, and management.You might also enjoyNew neuroscience reveals 4 rituals that will make you happyStrangers know your social class in the first seven words you say, study finds10 lessons from Benjamin Franklins daily schedule that will double your productivityThe worst mistakes you can make in an interview, according to 12 CEOs10 habits of mentally strong people