This time next week, on Thursday 7 November, will be Equal Pay Day. This is the day when women working full-time effectively stop being paid for the year because they still earn, on average, 15 per cent less per hour than men.

Even worse, if there was an Equal Pay Day for working women over the age of 50, it would have been three weeks ago on 10 October. This is because the gender pay gap for women in their fifties is 22.5 per cent – the widest gender pay gap of any age group

On top of this, women in their 50s also earn less than their younger counterparts. A woman in her 50s working full-time currently earns around two pounds an hour less than a woman in her 30s. Decades of experience in the workforce is not resulting in better pay – a shocking waste of talent.

This gets even worse for part-time workers, where women earn less than two-thirds the hourly pay that men working full-time receive.

A recent Age Immaterial survey found that almost three in five workers over 50 have caring responsibilities, while two in five are mothers of school age children. Many women in their fifties have little choice but to work part-time. For female part-time workers, the main working arrangement for women over 50, pay effectively stopped over two months ago on 27 August.

The date for Equal Pay Day – which will be marked by the TUC and the Fawcett Society, as well as other unions and campaigning organisations on the 7 November – is set by the latest pay statistics, which show that women working full-time earn 15 per cent less per hour (excluding overtime) than men working full-time. For all the latest information and news about Equal Pay Day follow the #equalpayday hashtag on Twitter next Thursday.

Posted on October 31st, 2013 by Michelle Doust filed under: Blog