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Illustration: Rebecca Zisser/Axios

The gender wage gap has noticeably improved over the decades, but the gender wealth gap — including savings, equity and long-term earnings — still has a long way to go.

Why it matters: Achieving economic parity isn't just about equal pay for equal work — it's also about all the societal circumstances that handicap women.

The long-term wage gap: Women tend to have more gaps in their employment, such as time off to raise children and part-time work while caring for a family member.

  • Last year, the Institute for Women’s Policy Research published a study showing women earned only 49 cents on every dollar compared to men over a 15-year increment.
  • 28% of women and 59% of men in the 2001–2015 period worked at least 12 of those 15 years full time. 57% of women and 77% of men in that period worked full time every year (no years off).
  • For women (and men) who took just one year off from working during that period, their earnings were 39% lower.
  • Even women who didn't take time away during the 2001–2015 period still only earned 67 cents for every man's dollar.

The savings gap: Only 56% of 18- to 34-year-old women have savings, compared to 70% of men.

The startup equity gap: Women own just 9% of all equity, despite making up 33% of founders and employees.

  • Women own just 6% of all founder equity despite representing 13% of all startup founders, according to Carta and #Angels. This translates to 39 cents in equity for every dollar that a male founder owns.
  • Women own just 20% of employee equity despite being 35% of all employees who hold equity. That's 47 cents for every dollar of male employees' equity.

The racial pay gap among women: Among U.S. women who hold full-time, year-round jobs, black women are typically paid 61 cents, Native American women 58 cents and Latinas 53 cents. White women earn 77 cents, and Asian American women 85 cents, for every dollar paid to white men, according to U.S. Census Bureau data.

Go deeper: This gender pay gap chart is worthy of your time

Go deeper

Updated 1 hour ago - World

17 U.S. and Canadian missionaries kidnapped in Haiti

Haitian soldiers guard the public prosecutor's office in Port-au-Prince this month. Photo: Richard Pierrin/AFP via Getty Images

American officials and authorities in Haiti are working to try and free 17 hostages from a U.S.-based missionary group who were kidnapped in Port-au-Prince over the weekend, AP reported Monday.

The latest: Christian Aid Ministries said in a statement Sunday, "The group of 16 U.S citizens and one Canadian citizen includes five men, seven women, and five children." The Ohio-based organization said they were on a trip to visit an orphanage when they were kidnapped Saturday.

China's economic growth slows

A worker assembles heavy truck engines in Hangzhou in eastern China's Zhejiang Province, on Monday. Photo: Long We/Costfoto/Barcroft Media via Getty Images

China's economy grew 4.9% in the third quarter of 2021 compared with a year earlier, the country's National Bureau of Statistics announced Monday.

Why it matters: The gross domestic product growth in the July-September period in the world’s second-largest economy marked the "weakest pace since the third quarter of 2020 and slowing from 7.9% in the second quarter," Reuters notes.

5 hours ago - World

Former spy Steele defends controversial Trump Russia dossier

Former U.K. intelligence officer Christopher Steele arrives at the High Court in London in July 2020. Photo: Tolga Akmen/AFP via Getty Images

The author of the "Steele Dossier," containing unverified claims about former President Trump told ABC News he stands by his controversial report, according to excerpts from an upcoming documentary released Sunday.

Why it matters: The FBI drew on former U.K. intelligence officer Christopher Steele's dossier as part of its investigation into the Trump campaign's alleged links to Russia's government, which led to former special counsel Robert Mueller's probe.