{"id":2973,"date":"2020-10-21T11:29:09","date_gmt":"2020-10-21T15:29:09","guid":{"rendered":"https:\/\/rockonthemoney.com\/?post_type=podcast&p=2973"},"modified":"2020-10-21T11:29:10","modified_gmt":"2020-10-21T15:29:10","slug":"savvy-savings-21-the-pink-tax-and-how-to-avoid-it","status":"publish","type":"podcast","link":"https:\/\/netcast.one\/rotm2\/podcast\/savvy-savings-21-the-pink-tax-and-how-to-avoid-it\/","title":{"rendered":"SAVVY SAVINGS 21: The Pink Tax and how to avoid it"},"content":{"rendered":"\n

Women are consistently paid less than men for the same work. Currently, women make 80.5 cents for every dollar a man earns, a gender wage gap of 20 percent. For women of color, the gap is even wider.\u00a0 To make matters worse, the disparity widens further because women often pay more for everyday items than men simply because of a \u201cpink tax\u201d.<\/p>\n\n\n\n

If you aren\u2019t sure if you\u2019re paying the pink tax, answer a few questions. Are you a woman? Do you buy women\u2019s products like feminine hygiene items, women\u2019s clothing, women\u2019s razors, women\u2019s body wash? If you answered \u201cYes\u201d<\/em> to any of those questions, then you are indeed paying the pink tax.<\/p>\n\n\n\n

This is not a literal tax, but a broad tendency for products marketed specifically toward women to be more expensive than those marketed for men, despite either gender’s choice to purchase either product. The NYC Department of Consumer Affairs conducted a study that concludes that women’s products are typically more expensive than men’s (in New York city) without reasonable cause.\u00a0<\/p>\n\n\n\n

The classic example is those cheap razors for sale in most drug stores. No fancy moisturizing strip, no rust-free titanium, just a single blade. The \u201cmen\u2019s\u201d version is blue, the \u201cwomen\u2019s\u201d version is pink. That\u2019s the only difference, the color. But inevitably, the women\u2019s version is more expensive than the men\u2019s.<\/p>\n\n\n\n

Products for women and girls cost 7% more than comparable products for men and boys.<\/p>\n\n\n\n