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Gender pay gap for over 50s: TUC analysis

by on February 20, 2013

According to analysis by the TUC reported here on their website, women in their 50s earn a fifth less than their men of the same age. The analysis is the first in a series of reports for Age Immaterial. This is a TUC project looking at issues facing women aged over 50 in work, including pay, caring responsibilities, age and sex discrimination, and health issues, against a background of rising employment rates for women in this age group.

The TUC analysis shows that for full time workers, a woman in her 50s currently earns £11.99 per hour – 18 per cent less hour than a man of a similar age (£14.69). This compares to a 10 per cent gender pay gap across the workforce as a whole. Women in their 50s also earn less than women in their 30s (£14.17) and 40s (£12.93).

But half of all women over 50 are employed in part-time work. The average hourly part-time wage for a woman in her 50s is just £8.53 – a third less than the average full-time wage across the UK workforce (£12.76). The majority of women over 50 in part-time work earn less than £10,000 a year.

Frances O’Grady, General Secretary of the TUC, comments that “while more women are working for longer, low pay remains a big problem, particularly for the millions who have been badly let down by the pension system and who are approaching retirement with little or no savings”.

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