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The Motherhood Penalty: Mothers Earned 35% Less than Fathers in 2024

  • In 2024, mothers working full-time who have at least one child under the age of 18 received median earnings that were 35% lower than those of full-time fathers with children in the same age group, based on an analysis by Bankrate.
  • This pay gap, known as the motherhood penalty, arises mainly because women often reduce hours, take lower-paying jobs, or leave the workforce for caregiving duties.
  • Bankrate’s study used Census Bureau Current Population Survey data, excluding self-employed workers and disregarding race or ethnicity, to compare median weekly earnings in 2024 dollars.
  • Full-Time working mothers earned a median $56,680 annually, while fathers earned $76,388, with the pay gap translating to about $1,600 less per month and roughly $600,000 less over 30 years if unchanged.
  • The motherhood penalty limits career growth and financial milestones for mothers, while fathers experience no similar earnings penalty and may receive a 'fatherhood bonus'.
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The Fort Morgan TimesThe Fort Morgan Times
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The motherhood penalty: Mothers earned 35% less than fathers in 2024

By Alex Gailey, Bankrate.com Since having her first child in 2015, certified public accountant Katie Thomas has repeatedly asked herself the same impossible question: career or family? Following a layoff six months after having her first child, Thomas decided to start her own business because she needed more flexibility to juggle caregiving and her career. Three years later, her daughter slightly older, she decided to reenter the workforce to wo…

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bristolworld.com broke the news in on Thursday, May 15, 2025.
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