Women over 50 in the UK are paid almost £8,000 a year less than men, according to research revealing that the collapse of retailers during the pandemic has hit women much harder than men.
An analysis of official data found that the median annual salary of women working full-time in their 50s was 23% less than that of men in the same age group, according to a report by Rest Less, a company that offers help and advice to people over 50. Women in their 60s were paid 25% less.
The study shows that a woman in a full-time job earned on average just under £28,000 this year, compared with nearly £34,000 for men. But the gap was wider for those over 50 – £26,230 for women and £34,325 for men, the report said. Women aged over 60 are paid £23,903 on average, while men receive £31,667.
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