European Equal Pay Day is the date when women – symbolically at least – start working for free because of the gender pay gap. This gap, of about a month and half of salary per year between men and women, means that from November 15 2024 women will effectively stop earning while their male counterparts continue to get paid.
This gender pay gap is both well known and yet not fully understood. Women in general do a disproportionate share of unpaid caring and get lower pay. But what is much less known is how this gender pay gap is compounded once women leave the workforce and then go on to experience a gender pension gap. This can be around 35% in private pension wealth.
