Bank fees pink tax: Women pay nearly 20% more in bank fees than men do | Study finds that women incur more bank fees due to their behavior, such as overdrawing their accounts more often, but for some reason this is apparently sexist.

5th_Law_of_Robotics · 2019-10-01T12:54:23+00:00

News: Women do this bad thing more: Proof of discrimination against women.

Ody_ssey · 2019-10-01T12:58:43+00:00

When will they hold women accountable of their actions?

that-guy-with-art · 2019-10-01T14:27:16+00:00

How dare you hold them responsible for their own actions

McFeely_Smackup · 2019-10-01T15:17:06+00:00

ever notice how much women complain about things that are 100% within their control to change?

Pink razors cost more. Solution: buy black/blue razors
Womens pants don't have pockets. Solution: buy pants with pockets.
Heeled shoes make their feet hurt. Solution: wear comfortable shoes
Toilet seat left up. Solution: put toilet seat down.
Manspreading. Solution: Say "excuse me" to manspreader

I wish the biggest problems I encounter every day were this trivial.

SwordfshII · 2019-10-01T14:52:17+00:00

[permanently deleted]

Nybaz · 2019-10-01T14:59:02+00:00

Person A follows a bad behavior once, gets fined 100$.

Person B does the same thing twice, gets fined 200$.

Injustice!

MisterBowTies · 2019-10-01T14:49:47+00:00

Men and women are equal until proven otherwise. If women aren't able to keep track of their funds as well as men that is on them.

JeffersonsHat · 2019-10-01T15:03:34+00:00

This just reads as parents need to teach their daughters more about financial responsibility.

TheDongerNeedsFood · 2019-10-01T16:40:50+00:00

Very selective wording in that article. Women do not “pay 20% more in fees than men do”, they pay the same late fees, they just pay them 20% more frequently

Blitz6969 · 2019-10-01T16:21:10+00:00

I am a bank manager. This is dumb as hell. The fee is equal in that we charge the same for activities regardless of Gender. We charge the individual not because they have tits. Smfh. Spend more than you have, you get charged plain and simple.

elcheapo17 · 2019-10-01T12:48:29+00:00

My kids are screwed.

Common_Noise · 2019-10-01T13:04:07+00:00

I'm just happy that the market is free. If some woke bank decides that a pink tax would be a really good idea, then they will probably lose half of their costumer base.

edit: forgot the verb lose in the sentence.

TracyMorganFreeman · 2019-10-01T18:37:33+00:00

Holding women responsible for their decisions is as we all know, oppressive.

Lupinfujiko · 2019-10-01T15:47:19+00:00

Help! Bank fees are oppressive and a tool of the patriarchy!! Aaaaahhhhh!!!!

rFadez · 2019-10-01T15:04:10+00:00

Men pay a higher car insurance than women for similar reasons.

Headsup1958 · 2019-10-01T16:56:19+00:00

When I first met my second wife, her salary was the same +/- as mine. She was racking up $200 a month in overdraft fees. She couldn't say no to her kids and they got whatever they wanted. Even though she couldn't afford it. She even had a renter in her basement and a second job on occasion. I helped her straighten things out when we married in 1995 (actually before) and the first thing was saying NO to her kids. Her girls, ages 10 and 13 at the time, hated me with a passion. Still do. Too bad.

ctwise12 · 2019-10-01T17:21:55+00:00

Why are they still talking about the gender gap it’s been debunked by multiple professionals?

5th_Law_of_Robotics · 2019-10-01T17:45:13+00:00

This is a perfect example of the pink tax.

Men and women are subject to the exact same rules and treated objectively the same. But women act in a way that doesn't benefit her so some women cry sexism.

SketchyPornDude · 2019-10-01T16:26:12+00:00

This is insane. What are we talking about here?! Are we saying that women can do no wrong? Is everything sexist? This framing is blowing my mind.

Women:
*Are careless with their money to a greater degree than men and thus incur more bank fees.*
Society:
Money is sexist! Banks are sexist! The economy hates women!

serial_crusher · 2019-10-01T18:55:42+00:00

Stash CEO Brandon Krieg attributed a steep disparity in check-bounce fees paid to the fact that women earn less than men, making them more vulnerable to letting their account fall into the red.

...

Those with lower incomes were hardest hit, according to the findings, which were based on 205 million transactions over the past year involving externally linked bank accounts by more than half a million Stash users. Women making less than $25,000 a year pay 23% more in fees each year while those making between $50,000 and $100,000 pay 16% more in annual bank penalties, reported Stash.

If women earning less than men was the cause, we wouldn’t see a difference when broken down by income level. All else being equal, men making $25k and women making $25k would have the same overdraft rates wouldn’t they?

grandmasbroach · 2019-10-01T19:29:07+00:00

Women over drafts checking account. Men to blame.

Once I saw that article about there not being enough economically attractive men for women to marry, I realized our culture has now gone, full retard. If men and women are equal, why do you need a man who makes more money? What's wrong with making your own?

I also just saw a study of 800ish couples. Only one had a man that was shorter than the woman. Every other couple had the man taller than her. Yet, I'm supposed to believe men are the shallow, toxic, and thoughtless ones? No no no. Pretty sure the people refusing to date or marry people based on height and money are the ones who fit that box. 800 couples, only one with a taller female. I'm six feet tall mind you. That study just really showed me that women are incredibly shallow when it comes to relationships and men. If that study had some variance I'd say otherwise. It didn't, and was 1600 people. That's fucking crazy. Women, can you please stop doing this before our society completely breaks?

Placentabandit · 2019-10-01T16:34:25+00:00

I love how the article casually starts off with "not only do women make less than men"

As if this is just a known "fact" at this point.

NecroHexr · 2019-10-01T16:09:07+00:00

Y'all are fucking retarded. How can you believe this? The problem is that we put so much pressure on women so that they overdraw their accounts frequently, us men need to take a step back and relieve pressure on them; it's not women's fault okay!

^{^{^/s}}

bhullj11 · 2019-10-01T16:45:39+00:00

Women are generally much bigger consumers than men so why does it surprise anyone that they are paying more fees?

Electroverted · 2019-10-01T17:41:42+00:00

This one is really gross and misleading.

the2xstandard · 2019-10-01T18:37:25+00:00

Women who make up to 25k is unsurprisingly 23%. This makes sense a lower income person is more likely to overdraw. The thing that blows my mind are women who make 50k to 100k are 16% more likely to overdraw. This is average to above average income in America, yet you're still overdrawn? This proves to me that women are really just 18% worse at handling their expenses than men and living above their financial means. I don't earn six figures but in 35 years I have overdrawn exactly 1 time when I was in college (and broke as fuck). Is this article telling me that I am oppressing women because I don't do it more often? Why haven't you pulled out more money than you have in the bank today you Sexist Pigs/s.

Regs2 · 2019-10-01T18:50:02+00:00

I wish this sub focused more on standing up for men where we are being pushed into the back seats of society and the legal system, instead of getting caught up with shit like this. We know radical feminists look for sexism where it doesn’t exists. This has become more about arguing down every dumb thing “feminists” say rather than actual men’s rights and how we can preserve a healthy role in our communities.

dizzybarbarian · 2019-10-01T16:05:56+00:00

It's definitely sexist. I [36f] don't much care for banks or banking, and the fact that I can't just spend money that I don't have is bullshit :-)

LegendarySouthPaw · 2019-10-01T16:16:15+00:00

Kinda like how men pay more in insurance due to our risky nature?

MisterHonkeySkateets · 2019-10-01T15:23:54+00:00

I guess the same thing applies to xx. I say the same thing to xy. Stop giving the man your money.

mcchanical · 2019-10-01T17:39:02+00:00

This is actually comical. It isn't a tax if everyone gets the same charges but you incur them more often because of the way you live. I suppose if I go and waste my money getting drunk every day can I claim that the money I've spent is an unfair tax discriminating against my inability to control my finances?

stianftw · 2019-10-01T16:46:32+00:00

So it’s ok to charge men more for car insurance since men are more prone to be involved in accidents?

2019-10-01T17:10:32+00:00

This entire article makes my blood boil.

fogoticus · 2019-10-01T18:16:57+00:00

If this shit actually goes through and women for some odd reason start paying less taxes than men while being more reckless, this sexist shit will get said banks to pay tens of millions of dollars in damages.

Imagine being held accountable for doing something stupid and seeing a woman doing the same shit and not getting anything done to her. I'd be livid and immediately search to avoid said bank.

Same goes for the streaming platform Twitch.tv. Alinity, a female streamer who is known to have been a brand risk in the past gets protected royally by one of the top employees of the company. She did so much shit that could have gotten her perma banned over and over yet she didn't even a temporary short ban. Yet others do small stuff and not only get short bans but risk losing everything.

claw09 · 2019-10-01T19:49:28+00:00

Just a quick PSA:

Please keep the blame towards pop science media and claickbait headlines. The research the article cites is neutral and just reports the collected data. Anyone who reads the research would come to the natural conclusion, "people who make less money pay more in fees. Women tend to make less money. Therefore women are paying more in fees because of their lower income (due to a wide variety of factors, such as preferred jobs, time off for pregnancies, etc.) and not because of sexism.

Keep the research and the article separate from each other. Pop science has had this problem for a long time.

MineDogger · 2019-10-01T21:20:24+00:00

Reality is brutally sexist... You can't blame men for that. We've got too many of our own problems to deal with to actively conspire against women.

Women seem to have no shortage of free time to conspire against men, though... and each other, apparently.

Tramm · 2019-10-01T21:49:33+00:00

Does anyone else nope out of any article that is dumb enough to mention the "gender pay gap"?

C2074579 · 2019-10-01T23:23:42+00:00

It's really funny. They see that women are paying nearly 20 percent more and their ONLY conclusion is....ding, ding, ding, sexism!!!

Merit_based_only · 2019-10-01T23:51:50+00:00

Accountability is soooo sexist

2019-10-02T02:17:48+00:00

Sounds fair to me.

NekoiNemo · 2019-10-02T03:04:11+00:00

Teach women not to overdraft.

BigBadBoomchakka · 2019-10-02T03:26:07+00:00

This is what gets me - they see no connection between cause and effect. Even in basic things they fuck things up and make things harder and more complex than they have to be... they take twice as long to get on and off a bus, expect strangers to answer questions for them rather than being responsible... crazy

BigBadBoomchakka · 2019-10-02T03:26:55+00:00

Out of my three kids it’s always my daughter asking us to buy her things cos she has no money even though all three work

thefilthyhermit · 2019-10-02T05:28:24+00:00

Life is hard. It's even harder if you are stupid and irresponsible.

tableender · 2019-10-02T05:47:03+00:00

Middle class pay less fees than working class. Thin women pay less than fat women Tall men pay less than short men.

14Three8 · 2019-10-01T16:07:47+00:00

It’s the same as guys having higher insurance premiums, but I don’t see them complaining about that

MattMan970 · 2019-10-01T16:28:13+00:00

Of course, blaming an institution would absolve them of responsibility.

vyralinfection · 2019-10-01T20:19:36+00:00

"if we're truly equal, why don't I always win?" - feminists

2019-10-01T20:29:00+00:00

Breaking: womon do things that end up with them facing the consequences of those actions. When will society stop this discrimination that women inflict on themselves?

2019-10-01T20:35:43+00:00

I feel dumber for just having read the first few sentences, how does something this stupid make it past editors? At this rate, the movie Idiocracy will be a god damn documentary in just a few years from now.

mrbrockie · 2019-10-01T20:50:53+00:00

Lol, women mismanage their money 20% more than men ...... Pink tax!

genericteenagename · 2019-10-01T21:09:01+00:00

News flash: when you do things they tend to have consequences. So when women spend on average, the consequence of that is that women pay more bank fees than men do. Shocking I know.

2019-10-01T21:22:41+00:00

Until they outlaw all "ladies nights" where women get free drinks and free admissions while the men don't, I won't feel very sorry for women are upset that "They have to pay more." 🤦🏻‍♂️

FaerilyRowanwind · 2019-10-01T22:23:51+00:00

The only thing o think is not an equivalent in terms of pink tax is feminine menstral products. Razors, shoes, pants. Make better choices in purchasing. But feminine products are one of those necessities that are super expensive and is the only thing I would think actually has unfair taxing and such. That said. It’s totally terrible for the environment and using reusable materials are way way better.

In terms of bank fees. The fees are the same if you don’t know you are spending too much money and being charged for overspending then there is a problem with you not the fee. Make better choices.

bathrobehero · 2019-10-01T22:38:06+00:00

TLDR: logic and common sense once again considered 'sexist' by some.

1LegendaryWombat · 2019-10-01T22:49:51+00:00

Man, pushing that wage gap narrative as well.

Putting in global stats seems stupid when theres men in america earning like millions to billions, and women in like, i dunno, thailand earning a pittance, yeah the gap will look big you fucking muppets.

HNutz · 2019-10-02T02:05:43+00:00

"When it comes to overdraft fees and other bank charges, women are forking over nearly 20% more than men..."

Oops.

gbr555 · 2019-10-02T05:42:26+00:00

Odd. I wouldve guessed it was the other way around.

superhobo666 · 2019-10-02T07:27:35+00:00

women spend more than they have?

WOW I never knew water was wet.

2019-10-02T07:37:52+00:00

Protect them from consequences then there is less responsibility.

But the banker doesn't care who's money it is, even if the account holder has a vagina.

TheDwiin · 2019-10-02T07:40:10+00:00

Okay so this isn't just something that was a study performed on multiple banks across the country, this is specifically an E Bank which is only electronic transfers other than ATMs, I'm not even sure if they have actual branches. As such it probably appeals to a younger clientele, those that aren't in good financial habits yet.

If this was coming from Intuit, using their Mint app, I'd be more inclined to believe that this is widespread enough to be an actual issue.

2019-10-02T07:46:18+00:00

What qualifications does author "Kate Wilson" get to work at CBS and write Bullshit like this?

XenoX101 · 2019-10-02T07:53:51+00:00

Passing blame as always. If women choose to do things that are less advantageous for them than men, that is on them. The format of these articles is always the same. "Women are worse off in some situation X caused by their decision Y this is because of something that has nothing to do with decision Y". Or to put it simpler: "Woman are worse off in X, here is why it's not their fault (even though it is)". Such crock. At least it gives them insight into the decisions causing it, I guess.

abatoire · 2019-10-02T08:43:35+00:00

Well to me this is kind of sexist? If you are a woman you are presumed to be bad with money.

In the UK we use to have women only car insurance companies and men premiums were much higher because we were more like to have an accident. This was deemed sexist and stopped.

Needlecrash · 2019-10-02T12:55:59+00:00

One of my ex's does this a lot. Account is usually in the negative, spending what she doesn't have and when she does, she shrugs it off. Always playing with checks and taking out loans and she had another kid on top of this. Yet, she's says "People should have money in their savings account, that shouldn't be an issue for people." Your accounts are in the red ALL THE TIME, you shouldn't be saying shit.

justlookingfor_sauce · 2019-10-02T15:40:09+00:00

Ok hear me out. Adjust for income and see what happens

doubledingdong · 2019-10-03T03:42:07+00:00

Why did they say “nearly 20%” when they could have said “18%”? 🤷‍♂️

dolphinagin · 2019-10-01T18:01:51+00:00

In my opinion, that article and all of the shit it stirs is the kind of degenerative mental trauma that all developed world humans are dealing with. What reproductive parts we have are only an iota of the whole alphabet which keeps this language projection in effect. I think that it's more productive of us humans (of humus=earthlings) to study our individual, internal nature and not force our will or project our thoughts on anything else. Buy the materials and commodities, serve commerce all you want; try doing it with a noble dignity to be so capable of those magical slights of hand. Out here, there are bitch boys and bitch girls just alike. All bitching about the same reality. A phallus is that and a vagina is that. You cannot deny the inequality of those parts. Let's stop trying to hurt each other over what we are born as. Banking and commerce is a collective collaboration made up of more than just humans. Without earth's resources, none of the things we do would be possible.

neverXmiss · 2019-10-01T23:54:11+00:00

Got any mens rights issues you guys wanna get on the front page or is this the best yall can do ?

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