Topic: The Pink Tax: Dismantling a Financial System Designed to Keep Women Broke (Page Two Press, May 4 2023)
GATE Founding Director Sarah Kaplan and Janine Rogan, founder and CEO of The Wealth Building Academy Inc. and an award-winning CPA, discussed Rogan’s new book The Pink Tax: Dismantling a Financial System Designed to Keep Women Broke (Page Two Press, May 4, 2023). Together, they busted tired myths about the gender wealth gap.
Janine spoke about how the pink tax extends far beyond the costs of pink or feminine branded products—it is built into our financial systems and the very fabric of our society, allowing it to continue perpetuating the wage gap. As a result, women and other marginalized people have less to save, less to invest and, ultimately, accumulate less wealth over a lifetime.
Janine shared some approaches that could help reach economic equality by smashing the pink tax, breaking down bias, and dismantling a financial system built by men, for men.
“We have to be mindful of what interest rates we are allowing. Because if someone has low income who may not have the ability to build their credit scores or (are) new to the country, what interest rate do they get? They are getting the highest one. And that’s so wealth destroying.”
– Janine Rogan
Watch Janine Rogan discuss how the pink tax affects marginalized communities