{"id":4757,"date":"2022-08-31T15:40:20","date_gmt":"2022-08-31T20:40:20","guid":{"rendered":"https:\/\/www.accrediteddebtrelief.com\/blog\/?p=4757"},"modified":"2022-08-31T15:40:21","modified_gmt":"2022-08-31T20:40:21","slug":"inflation-and-the-pink-tax-3-ways-to-pay-less","status":"publish","type":"post","link":"https:\/\/www.accrediteddebtrelief.com\/blog\/inflation-and-the-pink-tax-3-ways-to-pay-less\/","title":{"rendered":"Inflation and The Pink Tax: 3 Ways to Pay Less"},"content":{"rendered":"\n

If you think you are paying more for products and services made for women* like razors, shampoo, haircuts, dry cleaning, hygiene products, and more, you aren\u2019t wrong! The \u201cpink tax\u201d is alive and well; historically high inflation rates<\/a> and supply chain issues are making it even worse! Learn more about how inflation impacts the pink tax and three ways you can pay less.\u00a0<\/p>\n\n\n\n\n\n\n\n

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DID YOU KNOW?<\/strong>\nWomen pay more than men for similar products? This is because of something called the \"pink tax.\" With annual inflation rates exceeding 9% in 2022, women are disproportionately affected by rising prices that compound the impact of the \u201cpink tax.\u201d  <\/strong><\/pre>\n<\/div>\n<\/div>\n\n\n\n
What Is the Pink Tax?<\/h2>\n\n\n\n
The pink tax refers to the gender-specific pricing of products and services that are marketed to and used by women. Brands will use colored packaging, often pink, purple, or pastel-colored, to show that products are made for a particular gender.<\/p>\n\n\n\n
The tactic affects items such as shaving cream, razors, shampoo, conditioner, soap, and lotion even though men use identical products.<\/p>\n\n\n\n
For example, a study by The New York City Department of Consumer Affairs<\/a> found that a pack of women\u2019s razors would cost an average of $8.90, while the men\u2019s would only cost $7.99. Women paid 11% more! The study also found that other products typically bought by women for girls or families are also more expensive including clothes, toys, and home care goods.<\/p>\n\n\n\n
Across all products, women pay 7 percent more on average. The pricing disparity amounts to women paying $1,351<\/a> more every year for the same products as men.<\/p>\n\n\n\n
Inflation Exacerbates The Effects of the Pink Tax<\/h2>\n\n\n\n
Inflation occurs when the purchasing power of your currency decreases due to a rise in the cost of goods and services. It can happen for a variety of reasons that are often a combination of these four scenarios:<\/p>\n\n\n\n
  1. Increase in the money supply<\/li>
  2. Supply chain disruptions<\/li>
  3. An increase in unemployment <\/li>
  4. Changes in government policy<\/li><\/ol>\n\n\n\n
    Since 2020 The United States has experienced a combination of all four of these common triggers. Manufacturers of period goods are passing on higher costs for logistics and key components. <\/p>\n\n\n\n