What is the 'pink tax' and how is it impacting women?

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What is the 'pink tax' and how is it impacting women?
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Stacker delved into the history of the pink tax and how it’s affecting women.

“Me being a 30-something-year-old female lawmaker, I didn’t mind putting my name behind the bill. I worked with a Republican to file the legislation. Through that bill, other people began reaching out and said it helped with affordability,” Walpole said.

In 2015, a study called “From Cradle to Cane: The Cost of Being a Female Consumer” explored gender pricing in New York City. One of the major findings was women pay, on average, $1,351 more than men in a “gender tax” for the same services.Women spend significantly more on personal care goods in their lifetimeresearchers analyzed the costs of several hundred products and found women spent more on items not limited to razors or shampoo.

With lower earnings and higher spending on personal care products, women are likely to pay significantly more over their lifetimes for the same products as men.The gender wage gap earns women less money on the dollar, while the pink tax charges women more for the same products. These numbers are exacerbated by the fact women also live longer than men on average.

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