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More than five decades after the passage of the Equal Pay Act of 1963, women on average still make only 82 cents for every dollar earned by men. That gap is even wider for women of color. Compared to white men, African American women are paid 63 cents and Latina women are paid 55 cents. For a woman working full-time year-round, the current wage gap represents a loss of more than $400,000 over the course of her career. The wage gap impacts women's ability to save for retirement and reduces their total Social Security and pension benefits, contributing to more older women living in poverty.
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