Women in the UK hit “peak earnings” four years earlier than men, according to new research.
Whereas on average, women can expect to command their highest salary at age 40, men do so at age 44.
Women’s average salaries are higher then men’s at age 21, but from this point on men’s average earnings outstrip women’s. On average, men’s “peak earnings” will be £8,000 higher than women’s, the research by Totaljobs found.
This is no surprise given that women’s career prospects are more likely to be adversely affected by childcare costs and an inability to access the flexible arrangements that can help working parents to thrive.
“An individual’s ‘peak’ is heavily influenced by a combination of factors,…