Assessing the Gender Gap in Consumer Bankruptcy
Is there a gender gap when it comes to consumer bankruptcy in Oak Park ? When we talk about the gender gap, we often are referring to the gender pay gap. According to the American Association of University Women (AAUW), women are paid, on average, less than men for doing the same or similar work. While the AAUW underscores that the gender pay gap has narrowed since the 1970s, it remains salient across the United States. In Illinois in particular, the AAUW reports that women only earn on average 79% of the salary of their male counterparts. That number is lower than the national average of 80%, meaning that there is an even wider gender pay gap in Illinois than in other parts of the country. Does the gender pay gap also lead to a gender gap in bankruptcy filings ? According to a report in the Financial Times , it might. Different Reasons for Bankruptcy Between Men and Women If women earn less on average than men for doing the same work, are they also more likely...