Women pay more than men 42% of the time for everyday products and services. Studies find that women make 80 cents compared to a man’s dollar, with women of color earning even less than that. Reports also found that more than two thirds of people with student debt are women.
The Pink Tax does not only apply to care and luxury products, but it is also harmful to women’s overall financial goals, leading to higher mortgage amounts, interest rates, and more.
18% lower than men, on average.
Higher mortgage rates (even though we’re more likely to pay back).
More likely to take on caregiver responsibilities to children / elderly.
33% higher health care costs than men over lifetime.
Graduate with 15% more student debt than men.
Live longer on average, requiring more capital 80% of the time
Pay more for everyday products and services 42% of the time
Receive lower credit lines due to a lack of credit history, artificially lowering credit worthiness.