CNBC: Why some women may take an extra financial hit from the coronavirus pandemic
Women on the Front Lines
When it comes to finances, it is women who will take the biggest hit from the coronavirus pandemic, according to a new report by PayScale.
With many schools closed, women are the ones who tend to take time away from work to care for their children, as well as elderly parents or family members who are at risk or confined.
When they seek to return to work, they’ll receive an offer that is 7% less than a candidate who is currently employed when applying for the same position, PayScale’s 2020 State of the Gender Pay Gap report said.