Life may actually be more expensive as a woman, and the reason is a phenomenon known as the "pink tax." The pink tax is the extra cost of gendered products for women versus the same product marketed for men. For instance, a men's razor may be less expensive than a women's razor, but the only difference is the demographic it is marketed to. It extends beyond drug store products: Research showed that women paid $1 billion more than men did for the same health insurance benefits in 2012.
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Key Facts In This Video
Due to gender-discriminatory pricing, women pay $1,300+ more than men per year, according to a 1990s study. 00:04
In 2014, Obamacare laws banned gender discrimination in health insurance. 01:26