Are you aware of the gender pay gap... for children?
Matt Ragland via Unsplash

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. Boys are also more likely to get their pocket money digitally (8% more than girls), while girls are more likely to be given cash, meaning boys are more experienced in using payment systems typically used today.

?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, the values we hold and how they translate into behaviour that our children then emulate, is a vital part of our economic empowerment too.

?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:

  1. What do you know about money?
  2. How important is money to you and why?
  3. How do we earn money in this house?
  4. If we gave you £100 what would you do with it?
  5. Should boys earn more money than girls? (deliberately provocative but children are so funny and honest that the answers may be truly revealing!)

Self-advocacy is a quality that we never stop needing, and it’s important that we cultivate it in our girls, early. But in order to do this effectively and to advocate for the right things, we need to be educated on what they are first.

?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 long before they reach adulthood.

?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.

?Pre-order yours today.

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.

Kate Brundrett

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.

Rachel Smyth

Sales and Marketing Director, PwC UK

2 年

Shocking - Davinia Tomlinson thank you for raising awareness of this issue

Aimee Bateman

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 ????

要查看或添加评论,请登录

Davinia Tomlinson的更多文章

  • The good news for women’s finances this International Women’s Day.

    The good news for women’s finances this International Women’s Day.

    I read a brilliant article in Stylist magazine this week about the lies women have been told in the name of…

    3 条评论
  • Cash is Queen

    Cash is Queen

    Did you hear? If you didn’t already know, then I’m excited (again!) to share that my brand new book “Cash Is Queen” is…

    18 条评论
  • Why we're all Lupita Nyong'o right now...

    Why we're all Lupita Nyong'o right now...

    Soooo…let’s have a chat about *that* Oscars ceremony shall we? At this point you might be in one of three camps: Team…

    9 条评论
  • Why do we side-eye women with wealth?

    Why do we side-eye women with wealth?

    What’s the first thought that springs to mind when you hear news of a wealthy woman? How inspiring It’s alright for…

    5 条评论
  • The million dollar piss-take

    The million dollar piss-take

    After months and months of drudgery, bad news, humanitarian crises around the world oh and the small matter of the…

    7 条评论
  • Your secret weapon to building wealth(it might not be what you think)...

    Your secret weapon to building wealth(it might not be what you think)...

    If you’re an OG rainmaker, as I lovingly refer to those of you who have been reading these emails for the longest time,…

    2 条评论
  • Are your assets looking a little light?

    Are your assets looking a little light?

    Let’s chat for a minute. Because based on some of my recent conversations, it’s been brought to my attention that you…

  • Money can't buy happiness...or can it?

    Money can't buy happiness...or can it?

    So apparently: Money can’t buy happiness Money can’t buy love Money can’t buy rhythm or a personality transplant…

    18 条评论
  • What would you ask for if you knew the answer was going to be yes?

    What would you ask for if you knew the answer was going to be yes?

    That is the question I posed to the ladies in the Rainmakers Academy last week as we explored financial goal setting…

    2 条评论
  • Talk to me nicely. Signed, me.

    Talk to me nicely. Signed, me.

    Today I want to talk about setbacks. And in particular our recovery from setbacks and how we process them.

社区洞察

其他会员也浏览了