00:00Coinage. Life. Well spent. Presented by GEICO.
00:05Ever wonder how much money those shoes at the bottom of your closet are worth?
00:09The average American male owns approximately 11 pairs of shoes,
00:12while the average American woman owns 17 pairs.
00:14Male shoes have a median price of $65, while women pay an average of $85 per pair.
00:19For the shoes that are currently in both genders closets,
00:22men paid around $715, while women paid over $1,440.
00:26However, this isn't the final price.
00:28Depending on where you live, you're almost guaranteed to pay sales tax.
00:32Pretending you live in Houston, Texas, sale tax there is 8.25%.
00:36The total shoe bill for men would be over $770, while women would pay more than $1,500.
00:42With the average American making around $24 per hour,
00:45it's estimated that a woman would have to work almost three weeks to pay off her shoe collection.
00:49Men, on the other hand, would only have to work a week to pay off their average.
00:52For each new pair added to your collection,
00:54both genders would have to add on an extra six hours of work to pay for their new shoes.
00:59Granted, this doesn't take into effect a person's designer shoe addiction.
01:03If you have a preference for high-end duds,
01:05it's safe to assume that you'll work longer to pay off your collection.
01:08However, you might look mighty fabulous while walking into work.
01:11Coinage, life well spent.
01:16Presented by GEICO.
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