Are you aware of the gender pay gap... for children?
Last week I was made aware of something that was shocking even for me.
And not shocking in a fun way either.
?It was the news that there is a gender gap for…pocket money.
?You read that correctly.
?It seems that even when it comes to “paying” children, the inequality that plagues us as women, is ever present.
?And of course, my big question is, why?
?According to a new study by?Starling Bank, girls are likely to receive 20% less pocket money than boys. Starling’s Chief Banking Officer and family finance expert Helen Bierton says that one in ten parents are more likely to talk to boys about money from a young age, which, she says, puts them at an advantage when it comes to financial literacy development
?The thing that is particularly disconcerting about this for me, is that when it comes to our children and how we raise them, it’s slightly more difficult for us to look outside the home to ascribe blame.
?It’s true, that our conditioning as adults is made up of all sorts of influences as time goes on, work, peers, environment etc, but given that our?primary?socialisation takes place among our family and friends first, when things aren’t as they should be, we have no choice but to reflect on how well we are playing our roles
?And for some of us the truth may not be pretty. But just as we have to face our finances in order to fix them, understanding our personal relationship with money
?When last did you reflect on what you’re teaching your kids about money?
?Here are some discussion prompts for the children in your household:
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Self-advocacy is a quality that we never stop needing, and it’s important that we cultivate it in our girls
?I’ve talked before about why?Cash is Queen?is so important in inspiring a new generation of financially confident young women, starting with pre-teen and teenage girls, and these disappointing stats only serve to underline this point.
?That’s why I’m on a mission to make sure all young girls?everywhere?have a solid grasp of their finances
?Not just the ones in the UK, or the US or [insert any other Western country here].
?But all young women. Whether or not they have access to Amazon same day delivery.
How is pocket money distributed in your home? ?
Love,
Dav x
P.S. Less than a week to go before my free live masterclass, my last one of 2022. Join me for an informal chat about how best to navigate the cost of living crisis and enter 2023 feeling financially strong. Register here.
Coach & Mentor ICF ACC | Inspiring leaders to create impact without burnout | #Leadership #Wellbeing #Performance #CreativeInnovation #Energy&Joy #Flow. Hates marmite.
2 年Thank you for sharing this.
Sales and Marketing Director, PwC UK
2 年Shocking - Davinia Tomlinson thank you for raising awareness of this issue
Be Seen, Heard & Valued in Your Career | Coach | Speaker | Podcast Host | Exited Founder/CEO | LinkedIn Learning Instructor | Creator @Female Further? Programme.
2 年I’m really enjoying your newsletters Davinia Tomlinson. I’ve just become a mum for the first time so this one is particularly insightful reading for me. I’ve read all 3 editions so far and look forward to more. Thanks ????