Attention, shoppers: Looking to buy a T-shirt, shampoo, or lotion? If you want to save money, you may be better off picking products from the men’s section. A new study found that items marketed to women and girls can cost as much as 50 percent more than similar goods aimed at men and boys.
The New York City Department of Consumer Affairs recently compared nearly 800 products with male and female versions, such as clothes, toys, and personal-care items. It found that 42 percent of the time, products geared toward female customers cost more. (Although it’s less common, guys may be charged higher prices for certain goods too—for example, sneakers.)
Many businesses defend setting different prices for products and services based on whether they target men or women. They say items designed for female customers may be more expensive because they cost more to make. Plus, they note, women are often willing to spend more than men on certain services, so businesses should be able to charge them more.
Opponents of the practice, however, say it’s unfair and should be illegal. They maintain that female consumers shouldn’t be charged higher prices simply because of their gender. Critics also point to studies that show that over the course of their lives, women end up paying thousands of dollars more than men for similar products.
Is it fair to charge men and women different prices? Two experts weigh in.