3rd Largest Pay Gap for Women in the Country is Right Here in TX
Texas women have a rude awakening when it comes to gender pay gaps in the country. In a disappointing revelation, Texas is revealed to be the third worst state for women's finances.
WOMEN EARN LESS, MEN MAKE MORE
Compared to men, the median earnings for women are 25% lower than men in Texas. According to a Forbes survey, the median woman’s salary in Texas is $39,615, while the median for men is $52,823.
When it comes to a six-figure salary, women fall short. Only 13.19% of women working full-time make more than $100,000 compared to 24.61% of men. A few different factors contribute to this finding, including the abundance of male-dominated fields like oil and gas.
NOT-SO-FRIENDLY, BUSINESS-FRIENDLY STATE
Texas may be known as a business-friendly state, but when it comes to women-owned businesses, there's a lack. Nearly 60% of businesses in Texas are owned by men, on the latter, only 21.48% are women-owned.
According to the Reserve Bank of Dallas, women find it a bit harder to secure business loans and other forms of financing which are essential in many cases to keep their business afloat.
Check Out the Eye-Raising Stats
Texas
- Women's Median earnings: $39,615
- Men's Median earnings: $52,823
- Women's Earning six figures: 13.19%
- Men's Earning six figures: 24.61%
- Businesses owned by women: 21.48%
- Businesses owned by men: 59.81%
Score: 13.49 out of 100
75%-women's median earnings as a percentage of men's median earnings
13.19%-percentage of full-time working women earning six figures
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