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<ul class="summary-list"><li>A four-day electronic music festival took place in the socially conservative kingdom of <keyword id="11894587" type="UNKNOWN" weightage="60" keywordseo="saudi-arabia" source="Orion">Saudi Arabia</keyword>.</li><li>Martin Garrix, David Guetta, and Tiësto were among the internationally famous DJs to perform.</li></ul>A four-day music festival took place in a desert in Saudi Arabia this weekend, and a <a href="https://www.bloomberg.com/news/articles/2021-12-19/giant-rave-in-saudi-desert-pushes-kingdom-s-changing-boundaries">Bloomberg report</a> says it looked remarkably similar to its' Western equivalents. <a href="https://mdlbeast.com/">MDLBEAST Soundstorm 2021</a> kicked off on December 16 on the outskirts of Riyadh, the socially conservative nation's capital, and it featured internationally famous DJs like Martin Garrix, David Guetta, and Tiësto.<div type="image" title="MDLBEAST in Saudi Arabia" height="3648" width="4864" msid="88377894" hostid="261"></div>The festival organizers say that 200,000 people attended on the second day alone, making it one of the best-attended music events in the world, the <a href="https://saudigazette.com.sa/article/614852/SAUDI-ARABIA/MDLBeast-draws-20000-visitors-on-day-two">Saudi Gazette reported.</a>"Women and men danced with abandon" as electronic music blared, Bloomberg said, only for the rave to be temporarily put on pause for 15 minutes while participants responded to the Islamic call to prayer.Bloomberg reported that the women at MDLBEAST Soundstorm 2021 wore everything from "skintight pants" to "full-length robes and face veils."<div type="image" title="A general view during MDLBEAST SOUNDSTORM 2021 on December 18, 2021 in Riyadh, Saudi Arabia." height="3378" width="4504" msid="88377895" hostid="261"></div>Saudi women are required to dress modestly, per <a href="https://www.theweek.co.uk/60339/things-women-cant-do-in-saudi-arabia">The Week,</a> meaning that tight-fitting clothing is generally prohibited. Traditionally, women were expected to wear the abaya — a loose overgarment — in public, but Crown Prince Mohammed bin Salman relaxed this dress code requirement in 2018.According to Bloomberg, other sights to behold were a sign of "pushing boundaries" as the kingdom transforms. Previously, religious police once punished restaurants for playing music — a far cry from this weekend's reported activities."Inebriated men stumbled through crowds perfumed with the distinct scent of marijuana," said Bloomberg, "alongside a limited but notable display of local queer culture."<div type="image" title="MDLBEAST SOUNDSTORM 2021 on December 18, 2021 in Riyadh, Saudi Arabia." height="2649" width="3532" msid="88377896" hostid="261"></div>Cannabis, alcohol, and homosexuality are forbidden in Saudi Arabia, but Bloomberg described a "carnival-like" atmosphere where these rules were apparently snubbed.Critics have accused the festival organizers of "culture-washing." <a href="https://ra.co/features/3948">Resident Advisor </a>journalist Joe Siltanen said it was an attempt to distract from the "authoritarian regime."MDLBEAST Soundstorm 2021 was just one event in a roster of activities this month, spearheaded by the crown prince, to create the optics of a softer and more secular image of the kingdom. Recently, <a href="https://www.businessinsider.com/dont-let-saudi-arabia-use-formula-1-to-hide-abuses-2021-12">Saudi Arabia hosted a Formula One race</a> and <a href="https://www.biennialfoundation.org/biennials/diriyah-biennale/#:~:text=Established%20in%202020%20by%20the,be%20held%20in%20late%202022.">two art biennials.</a>An oil-themed amusement park is also being opened as part of <a href="https://www.vision2030.gov.sa/">Saudi Vision 2030,</a> as <a href="https://www.insider.com/saudi-arabia-oil-themed-amusement-park-the-rig-offshore-platforms-2021-10">Insider previously reported,</a> which is a strategic framework to diversify the nation's dependence on oil and move towards entertainment and tourism.

A massive rave took place in a Saudi desert. It was just like any other festival, bar the electronic music pausing for the Islamic call to prayer, say reports

<a href="https://www.businessinsider.com/category/women-of-means"></a><div type="image" title="Women's and men's deodorant showing pink tax 2x1" height="1168" width="2334" msid="90083390" hostid="261"></div><ul class="summary-list"><li>The pink tax is a premium placed on certain products designed for women.</li><li>In many cases, women pay more than men for the same personal-care items, while earning less.</li><li>The Pink Tax Repeal Act hopes to ban this practice nationwide but hasn't been passed. </li></ul>Women play a crucial role in the economy and in the workplace but <a href="https://www.pewresearch.org/fact-tank/2021/05/25/gender-pay-gap-facts/" target="_blank" rel="noopener">remain underpaid</a> and responsible for doing most of the unpaid work at home, such as caring for their children or aging parents.In fact, an <a href="https://www.oxfamamerica.org/explore/research-publications/time-care/" target="_blank" rel="noopener">analysis by Oxfam</a> found the monetary value of women's unpaid labor globally was worth a staggering $10.9 trillion dollars. Women's contributions to society are clearly worth a lot, and it's important that women know their worth and how to navigate their financial circumstances.And while women typically <a href="https://www.prb.org/resources/around-the-globe-women-outlive-men/" target="_blank" rel="noopener">live longer than men</a>, they often face financial barriers, such as <a href="https://www.fidelity.com/learning-center/personal-finance/gender-gap-retirement" target="_blank" rel="noopener">having less invested for retirement</a> and being charged more for certain products, which is known as "the pink tax."<h2>What is the pink tax?</h2>The pink tax is the premium that is often baked into women's products. "The pink tax is something that has been ongoing for decades as far as we can trace it back," <a href="https://apcoworldwide.com/people/judit-arenas/" target="_blank" rel="noopener">Judit Arenas</a>, APCO Worldwide's senior director and head of gender practice, said. "It's gender-based pricing, which basically means that there's an upcharge on products that are traditionally intended for women but which ultimately are the same as products traditionally intended for men."The pink tax is named for the color manufacturers use for products targeted at women — things like razors, soap, and shampoo that, in theory, don't need to be gendered. Additionally, marketers will sometimes create smaller versions of an item to try and sell it to women. "There are so many offerings with what is commonly referred to as this 'pink it or shrink it' strategy," said <a href="https://urldefense.com/v3/__https:/merage.uci.edu/research-faculty/faculty-directory/Tonya-Bradford.html__;!!BupLon6U!4Db46GFYaGKI54h_msrRNasbwz-M7qtBIlxgoLQg8gwA5D4D7FVbnfVONxF63WnQCBMG0YA$" target="_blank" rel="noopener">Tonya Williams Bradford</a>, an associate professor of marketing at the Paul Merage School of Business of the University of California, Irvine. "These products are smaller and priced at a premium."This practice starts early, with girls' toys and clothing found to be more expensive in many instances up until adulthood, when personal-care items and services cost a higher premium for women. <h2>Example of the pink tax </h2>Whether it's personal-care items, clothing, or services, you might be paying a premium if you're purchasing items traditionally targeted at women. "The pink tax is important for female consumers because it actually spreads across the entire chain," Arenas said. "We're talking about haircuts, dry cleaning, and other services that will be significantly different in pricing and have higher pricing for women than they do for men." Data from the New York City Department of Consumer Affairs 2015 report "<a href="https://www1.nyc.gov/assets/dca/downloads/pdf/partners/Study-of-Gender-Pricing-in-NYC.pdf" target="_blank" rel="noopener">From Cradle to Cane: The Cost of Being a Female Consumer</a>," makes it clear that many personal-care items geared toward women come with a premium tacked on. While many consumers and brands have become aware of the issue since then, prompting social-media campaigns like #AxThePinkTax, certain products may still be costlier for women. <div type="image" title="A table with a list of items and the price difference between men and women." height="712" width="1284" msid="90083393" hostid="261"></div>This year, that number is likely to be more, especially given the <a href="https://www.bea.gov/data/prices-inflation/gdp-price-index" target="_blank" rel="noopener">spike in inflation</a>. Looking at deodorant at Target, you can get a glimpse of some of this discrepancy. <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.target.com%2Fp%2Fsecret-invisible-solid-women-39-s-antiperspirant-and-deodorant-coconut-scent-2-6oz-160%2F-%2FA-80165956%23lnk%3Dsametab" target="_blank" rel="noopener">Women's deodorant is listed at about $6</a>, while <a href="https://www.businessinsider.com/reviews/out?u=https%3A%2F%2Fwww.target.com%2Fp%2Fharry-39-s-fig-odor-control-men-39-s-deodorant-stick-2-5oz%2F-%2FA-80132076%23lnk%3Dsametab" target="_blank" rel="noopener">men's deodorant is listed at $5</a>. Of course, these numbers can vary by retailer, brand, and the state you live in, as well as with sales tax. A 2021 report titled "<a href="https://www.ftc.gov/system/files/documents/public_events/1588356/mosharybhatiatuchman_updated2.pdf" target="_blank" rel="noopener">Investigating the Pink Tax: Evidence Against a Systematic Price Premium for Women in CPG</a>" found that certain women's products, like deodorant, were more expensive but items like razors were not. The report questions whether the pink tax is still prevalent.Quick tip: The <a href="https://blog.gao.gov/2018/09/20/is-there-a-pink-tax/" target="_blank" rel="noopener">Government Accountability Office</a> found that not all products were priced higher for women but that underarm and body deodorants, shaving cream, designer perfume, and body sprays cost more for women.<h2>How the pink tax affects women of color </h2>The pink tax is pervasive and affects all women, but the pinch may be felt even more by women of color.Data from the <a href="https://www.bls.gov/opub/reports/womens-earnings/2020/pdf/home.pdf" target="_blank" rel="noopener">Bureau of Labor Statistics</a> showed that as of 2020, women who worked full time earned just 82% of what a man earned. In other words, women made $0.82 for each dollar a man made. The gender pay gap was worse for women of color, who earned even less compared with white men.According to the data, Black women earned $0.64 for every dollar a white man made, while Hispanic women earned $0.57 for every dollar a white man made. Asian women were found to earn more, with multicultural Asian women earning $0.98 cents to a white man's dollar and Asian women earning $1.01, according to the <a href="https://www.americanprogress.org/article/women-of-color-and-the-wage-gap/" target="_blank" rel="noopener">Center for American Progress</a>' analysis of the bureau's data. Earning less affects <a href="https://www.businessinsider.com/purchase-power" target="_blank" rel="noopener">purchasing power</a>, and with the pink tax, women of color are affected even more. On top of that, the pandemic has largely affected women, especially <a href="https://blog.dol.gov/2021/03/19/5-facts-about-the-state-of-the-gender-pay-gap#" target="_blank" rel="noopener">women of color who work in low-wage occupations</a>. Some women have not had the luxury of working from home and had to deal with childcare issues, which pushed some out of the workforce altogether.There isn't much data on how the pink tax directly affects women of color, which could reflect a bias in research or lack of nuance. Studies and data on gender are not one-size-fits-all and should be intersectional, also looking at price discrepancies for women across race and class lines. But anecdotally, Black women may pay more for hair care and have added fees tacked on at a salon, as described in this piece from <a href="https://www.thecut.com/2014/10/why-do-my-haircuts-cost-more-because-im-black.html" target="_blank" rel="noopener">The Cut</a>.Based on the racial pay gap mentioned above, that means Black women earn less compared with white women and likely have to pay more as a woman for things like haircuts but may pay even more as a Black woman.Women of color may also be affected by the pink tax depending on where they live and what shopping choices are available to them."Women of color will have less purchasing options and choices. We've seen that very much happens in terms of food and the challenges of shopping deserts," Arenas said. "A lot of these communities will have a single source of options and not necessarily have the option to shop around." <h2>The Pink Tax Repeal Act </h2>The Pink Tax Repeal Act was reintroduced by <a href="https://speier.house.gov/press-releases?id=C2F060D1-0D84-4824-B9E5-40F879F22CFA#" target="_blank" rel="noopener">Rep. Jackie Speier of California in June</a>, the fourth attempt at getting this passed on a federal level. The goal of the Pink Tax Repeal Act is to end gender discrimination across goods and services on a national level. For some context, there was a California Assembly Office of Research study in 1994 that found women paid $1,351 more than men each year for the exact same services. A couple years after that, Speier fought against this with her Gender Tax Repeal Act bill, which was instituted in 1996 and made it illegal for gender price differences for things like haircuts and dry cleaning. In 2015, she took her fight to the national stage in response to the New York City Department of Consumer Affairs publishing "<a href="https://www1.nyc.gov/assets/dca/downloads/pdf/partners/Study-of-Gender-Pricing-in-NYC.pdf" target="_blank" rel="noopener">From Cradle to Cane: The Cost of Being a Female Consumer</a>." This report reviewed 800 products among 90 brands and found that in 30 of the 35 categories, women paid more for items. According to <a href="https://www.congress.gov/bill/117th-congress/house-bill/3853?r=28&amp;s=1" target="_blank" rel="noopener">Congress.gov</a>, this bill is stuck in limbo and at the "introduced" stage with no movement forward. While the bill hasn't moved forward on a national level, some states like New York have implemented a pink-tax ban. <h2>How to fight the pink tax </h2>In the day-to-day, the way the pink tax affects women may feel negligible or almost imperceptible. But paying more over a lifetime can have sweeping implications for women's finances.In a 1994 study conducted by the California Assembly Office of Research that's often cited today, it was <a href="https://money.cnn.com/2016/03/07/pf/pink-tax/index.html" target="_blank" rel="noopener noreferrer">estimated</a> that, compared to men, women paid more than $1,300 extra per year because of the pink tax. If that same amount of money were invested with a return of 5%, that would add up to around $16,000 in 10 years' time. If a woman put that amount yearly into such a fund, it would come out as a whopping $160,000 in 40 years.This amount of money is significant, especially since there's also an investing gap with women putting away less than men for retirement."When you add in compounding and what that might look like in terms of retirement savings or contributions … it makes a huge difference in a woman versus a man's life," Bradford, the marketing professor, said.To combat the effects of the pink tax, it's important to be a strategic consumer and be aware of this price difference. Consider buying gender-neutral toiletries like soap, razors, and shampoo that don't really need to have two versions — one for men, one for women. Also, if you see this pricing gap out in the wild, use your voice. "I encourage consumers to contact their favorite brands. They all have ways for you to get in touch with them, and let them know this doesn't sit well with you," Bradford said. Bradford also recommended contacting your congressional representative or senator to voice your support for the Pink Tax Repeal Act to move things forward. Quick tip: The pink tax is different from the "tampon tax," which is typically sales tax added on menstrual products, while condoms for men typically are tax-free. <a href="https://www.abc12.com/news/state/michigans-tampon-tax-officially-ends-thursday/article_32f069f0-8505-11ec-a373-8b319af43d27.html" target="_blank" rel="noopener">Michigan is the latest state to put an end to the tampon tax</a>.<h2>The bottom line </h2>The pink tax is a subtle way that women end up paying more throughout their lives for certain items. "This is one of these historic practices where there's a lot of opportunity for change, but it just hasn't been at the forefront because very few people actually know about how pervasive and how impactful the pink tax can be," Arenas said.Add this to the already high cost of makeup, hair products, and clothing — which are often areas women spend in to look "presentable" — and it becomes clear that women are paying a lot, in more ways than one. <ul class="read-more-links"><li>Read more from <keyword id="13329282" type="UNKNOWN" weightage="60" keywordseo="women-of-means" source="Orion">Women of Means</keyword>:</li><li><a href="https://www.businessinsider.com/personal-finance/trans-woman-saving-money-gender-affirming-care-2022-3" target="_blank" rel="noopener">I'm a trans woman saving money for gender-affirming care, and I'm using 4 strategies to do it</a></li><li><a href="https://www.businessinsider.com/personal-finance/woman-financial-planner" target="_blank" rel="noopener">How to find a woman financial planner</a></li><li><a href="https://www.businessinsider.com/personal-finance/vietnamese-american-woman-supporting-relatives-2022-3" target="_blank" rel="noopener">As a single Vietnamese American woman, I'm expected to help aging relatives. My 4-part savings strategy makes it possible.</a></li><li><a href="https://www.businessinsider.com/personal-finance/system-automate-grow-money-profits-first-2022-3" target="_blank" rel="noopener">A Nashville entrepreneur breaks down the 5-step 'profits-first' system she uses to keep her money automated, unemotional, and growing</a></li></ul>

The influence of 'the pink tax' is about more than just higher prices. Here's how it works and how it affects women's finances.

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