Sept. 21 marks Black Women's Equal Pay Day, the date that Black women have to work to in 2022 to earn what their male, white, non-Hispanic counterparts earned in 2021. Last year, the day fell on Aug. 3.
Just over a decade after starting college, Black women, on average, owe 13% more than they borrowed, while white men, on average, have paid off 44% of their debt,One of the reasons Black women owe so much more in the years after graduating college is the gender pay gap, experts say.Gloria Blackwell, CEO of the American Association of University Woman, said because Black women earn less, many are burdened by student debt for the larger part of their career.
Experts including Blackwell and Nicole Mason, president and CEO of the Institute for Women's Policy Research, say the solution for closing the gender pay gap for Black women needs to come from both the government and private sectors.
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