Now women reach peak earn­ings in 40s, not 30s

Scottish Daily Mail - - Life - By James Sal­mon As­so­ciate City Ed­i­tor

WOMEN are hit­ting their pay packet peak in their for­ties for the first time.

Tra­di­tion­ally, women’s wages would tail off af­ter the age of 40, with many forced to ac­cept lower salaries when they re­turn to work af­ter hav­ing children and bring­ing up their fam­ily.

But a re­port by the Of­fice for Na­tional Sta­tis­tics shows wages for both men and women in full-time work have peaked be­tween the ages of 40 and 49 for the first time since records be­gan in 1997. Av­er­age earn­ings for women in their for­ties rose to £601 a week, or £31,252 a year, from £589 a week, or £30,628 yearly, in their thir­ties.

Jane Gratton, of the Bri­tish Cham­bers of Com­merce, said: ‘We need more ac­tion to en­sure women of all ages re­ceive fair and equal pay at ev­ery level.’

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