Whether or not you have heard of the pink tax, we can nearly guarantee you’ve encountered it in some way! On this episode we take a broad look at what the pink tax is, the various products and services most susceptible, and how to avoid paying extra unnecessarily.
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What the Internet has to say:
This article from Bankrate explains the pink tax and some common products and services that cost more for women
What Jen + Jill have to say:
- The pink tax is “a system of discriminatory pricing on products and services that is based on gender” and costs the average woman $1,300 a year while impacting all aspects of daily life from shopping to dry cleaning
- What can be done?
- Awareness and smarter buying are key!
- Women pay 92% more than men for dry cleaning dress shirts, 54% more than men for a haircut, and 13% more for personal care products (just to name a few)
- Feminine hygiene products are subject to sales tax in 35 states
- Women’s credit scores, on average, are nine points lower than men’s, even though they typically carry less debt
- Re-examine your beauty routine and assess spending in these various categories
More from the Internet:
This article from The Simple Dollar gives us a few key ways to avoid the pink tax.
More from Jen + Jill:
- 1. Research the brands you purchase
- 2. Consider unisex products
- 3. Support companies ‘taking a stand’
- 4. Be a part of eliminating the pink tax
- 5. Support legislation to stop the pink tax
- 6. Take advantage of credit card rewards – find ones that reward you for the things you purchase often
BILL OF THE WEEK – Thank you Rachel from Kansas for sharing your hospital bill from your birth and how you called to correct an error and saved $2000!!
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Personal Pink Tax Experiences
- Jen– I certainly see how I save more money having a son – so many additional products are geared towards little girls
- Jill- When working at a group home I was unable to take a teenage girl to the barber for a $10 haircut and instead had to take her to the salon for a $45 hair cut
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Thanks for listening! See you next week!