Men's and women's razors, soaps, and moisturizers are essentially the same - here's why the women's version always costs more
Apr 9, 2015, 20:35 IST
Many products for women are no different than the same products marketed to men - but women are paying more. Gender-based pricing, also known as the "woman tax" or "pink tax," has been an accepted phenomenon since a 1995 California study that revealed women pay $1,351 a year more for the same products as men. This had such an impact that California became the first and only state to ban gender-discriminatory pricing.In a new video on the YouTube channel The Daily Share, Mike Byhoff and Katie Isaacson tested just how true this remains in the other 49 states today.
But women still pay more for long-term care insurance. Women can expect to be charged a full 13% more simply because they're expected to live longer, according to The Daily Share producers.Maybe it's time to start buying men's product instead if they're cheaper and fit your needs. No need to always reach for the pink if that choice will cost you.
But women still pay more for long-term care insurance. Women can expect to be charged a full 13% more simply because they're expected to live longer, according to The Daily Share producers.Maybe it's time to start buying men's product instead if they're cheaper and fit your needs. No need to always reach for the pink if that choice will cost you.