While men are participating more in child care and other caregiving, women continue to spend more time taking care of children and other family members.
Women spend an average 51.6 minutes a day caring for household children, other household members and nonhousehold members, according to a recent study.
If that time caregiving were compensated, it would be worth about $2,335.93 annually for men and $4,565.68 for women. "We talk about the wage gap all the time, but this 'time gap' is also a huge impact on people's lives," said Katherine Gallagher Robbins, senior fellow at the National Partnership for Women and Families.time than men providing unpaid care for children, older adults and other family members — time than can have a significant effect on their finances.
Women spend an average 51.6 minutes a day caring for household children, other household members and nonhousehold members, according to a newfrom the National Partnership for Women and Families. Men spend an average 26.4 minutes daily on such tasks. "We talk about the wage gap all the time, but this 'time gap' is also a huge impact on people's lives," said Katherine Gallagher Robbins, senior fellow at theHere's a look at more coverage in CNBC's Women & Wealth special report, where we explore ways women can increase income, save and make the most of opportunities.
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