Don't spend your $0.77 all at once
After a little girl asked President Obama why there aren’t any women on U.S. Currency, he said Wednesday that adding some female faces to our cash sounded like a “pretty good idea.” Almost immediately, all of our fantasies came alive on the web. What would, let’s say, Ruth Bader Ginsberg look like on a $20 bill? Where would we spend our Beyonce $10 dollar bill first? Will our grandmas give us a Susan B. Anthony $5 bill on our birthdays and tell us not to spend it all at once?
But then we remembered: because of the wage gap, a dollar for a woman is not the same as a dollar for a man. Although the true extent of the gender pay gap is widely disputed even among feminists, President Obama said in the 2014 State of the Union that women make only 77 cents for every dollar a man makes.
So here’s what U.S. Currency would really look like, with women’s faces and women’s wages:
A Harriet Tubman $20 would only be worth $15.40.
A Sandra Day O’Connor $10 would only be worth $7.70.
A Rosa Parks $5 would only be worth $3.85.
A Gloria Steinem $1 would only be worth $0.77.
That just shrunk your 401K.