Latinas are typically paid just 57 cents for every dollar paid to white, non-Hispanic men. This gap in pay—which typically amounts to a loss of $2,409 every month, $28,911 every year, and $1,156,440 over a 40-year career—means that Latinas must work over 21 months to make as much as white, non-Hispanic white men were paid in just 12.
Even before the COVID-19 pandemic, in 2019, 15.2% of adult Latinas lived in poverty. That rate worsened to 16.8% in 2020. Poverty rates for Latinx children also worsened from 20.9% in 2019 to 23.1% in 2020. Lost earnings due to the gender wage gap are exacerbating the effects of COVID-19 for Latinas—and for the families who depend on their income. These lost earnings not only leave Latinas without a financial cushion to weather the current crisis, but also make it harder for them to build wealth, contributing to the racial wealth gap and barriers to Latinx families’ economic prosperity.