Moms, have you ever noticed that products of the same type cost more simply because they’re marketed for women? Whether it’s clothing, razors, deodorant, or even services, if you’re a woman, you’ll pay more for these items throughout your life. This phenomenon is known as the “Pink Tax,” and it can cause financial challenges for many girls, women, and moms worldwide. If you haven’t heard of this tax yet, take a moment to read this article. 😊
What you’ll learn in this article:
- What is the Pink Tax?
- When do we meet with the Pink Tax in everyday life?
- Why does this tax exist?
- How can we avoid the Pink Tax?
What is it?
The Pink Tax refers to the practice of charging higher prices for products or services aimed at women, even though they are essentially the same as those intended for men. Price differences appear in everyday products like deodorants, razors, shower gels, or perfumes. Higher prices also show up in other products like clothing, toys, and even services such as hairdresser or dry cleaning. The name comes from the stereotype that women’s things are usually pink.
Although it’s not a government-approved tax, its impact is just as strong. Throughout their lives, women spend more on basic needs than men, simply due to the labelling and marketing of products.
Read also: How to invest money? Everything you need to know.
Examples of the Pink Tax in Everyday Life
Razors, shampoos, shower gels, and cosmetics are common examples of products that cost more for women than for men. In 2015, the New York City Department of Consumer Affairs conducted a study that found products for women were on average 7% more expensive. Even though the product’s composition and function are the same, differences in labelling and packaging allow companies to charge higher prices.
Women’s clothing also often costs more than men’s. Manufacturers defend this by saying that women’s clothing requires more complex tailoring and higher-quality materials. However, we know that’s usually not the case.
Gender-targeted marketing starts in childhood. Toys for girls, such as dolls, are more expensive than similar toys for boys. Despite having the same function, different packaging leads to higher prices.
Even services are not any different. Hairdressing, dry cleaning, and, in some cases, even car repair services can be more expensive for women. If the service is provided to a man, the price can be lower.
Why Does the Pink Tax Exist?
Companies assume that women are willing to pay more for products or services if they are labelled as “luxury” or “special.” This labelling allows businesses to differentiate products and raise prices, even though they are essentially the same.
Societal expectations also play a major role. Women are expected to take care of themselves and pay attention to their appearance. This means that women consume more products, clothing, and services. Due to increased demand, companies charge higher prices.
Read also: How can Artificial Intelligence help us in everyday life?
How to Avoid it?
- One of the first steps is to raise awareness of its existence. Many women and men are unaware of these price differences.
- Another step is smart shopping. Comparing prices and choosing products that are not gender-specific or marketed for men can also be a solution.
- Some global brands have committed to fighting gender-based pricing. Supporting these brands can help push the market toward fairness.
The Pink Tax is one of the factors contributing to financial inequality. Being aware of price differences and unfairness is one of the first steps toward improvement. Women should not have to pay more just because they are women. Let’s make smart decisions so that our gender doesn’t determine the price we pay.
This article was made in collaboration with Lea Kovalská