The U.S. Census Bureau found that the median female worker with a full-time, year-round job made 80.5 cents for every dollar a man earned in 2016. That’s a (statistically) significant spike since 2015, in which women earned 79.6 cents to every man-earned dollar.
This is kinda a big deal because it marks the first time the female-to-male earnings ratio has experienced an annual increase since 2007, according to the Census Bureau. Other notable stats from the data dump? Real median incomes in 2016 for both family and nonfamily households increased since their 2015 medians, and poverty levels fell. So, at some point between manufacturing all those selfie sticks and tagging each other in memes, it looks like society actually did something right.
What’s not-so-hot about the Census data, though, is that this win for women comes partially due to men’s loss; as Bloomberg points out, while the median female income has increased since 2007, it has declined for men. The data also reveals that gender differences in poverty rates were more evident for people ages 18 to 64; while the poverty rate for men in that age group is 9.7 percent, it’s 13.4 percent for women. Womp womp.
Overall, strides have been made with the gender wage gap, which is a feat definitely worth celebrating, but we’re not done yet. A woman’s 80.5 cents to a man’s dollar is still not equal, and we need to put all our efforts into achieving that gender parity. So what can you do, my fierce, financially-savvy females? Ask for that raise you know you deserve. Be an advocate for your work wife and empower each other. Call out companies who aren’t doing their part in closing this whack gender wage gap. So we can finally pop that bubbly, once and for all.