Financial Empowerment
The gender pay gap is significantly influenced by unpaid caregiving, primarily done by women. This unpaid work, including child and elder care, leads to career interruptions and lower wages due to part-time work and reduced hours. Recognizing and valuing caregiving in policies is crucial to closing the pay gap.
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Women’s financial rights in the U.S. have evolved significantly. Initially, laws limited women’s control over money and property. Milestones include the Married Women’s Property Acts, the 19th Amendment, and key legislation like the Equal Pay Act and the Family and Medical Leave Act. Despite progress, challenges persist.
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