Survey finds gender pay gap prevalent in pocket money amounts

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16th June 2016 10:47 - Financial Services

The 2016 Halifax pocket money survey, which is conducted annually, has revealed that there is a gender pay gap which is prevalent within children’s pocket money.Survey finds gender pay gap prevalent in pocket money amounts

The Halifax survey revealed that even boys under 15 are receiving notably more than their female counterparts, and are also more insistent in asking for raises.

The average weekly pocket money was found to be £6.55 across both genders, which was the highest figure since 2007’s financial crisis commenced.

When looking at how much pocket money sons receive, the researchers found the average figure was £6.93 per week, nearly 12 per cent more than the £6.16 daughters receive.

The same survey last year also revealed that boys were given more pocket money than girls; however, the gap was just 2 per cent, as opposed to this year’s 12 per cent.

The researchers also revealed that even though they received notably more pocket money than girls, boys were the most likely to complain that they were not getting enough. Of the male respondents, 44 per cent said that they felt that their parents should give them a raise, in comparison with 39 per cent of the girls.

Halifax also discovered that nearly 4 in 5 children save some of their pocket money, whereas approximately 1 in 8 save all of it.

When looking at the average age to start receiving pocket money, the survey revealed between 6 and 7 is the most common age.

The most recent data from the Office of National Statistics has revealed that the gender pay gap between adult male and females is currently 9.4 per cent, based on the median earnings of full-time workers.

The Halifax pocket money survey has been conducted for 29 years now, and uses data from approximately 1,800 parents and children aged under 15, which was weighted to be totally representative of previous years.

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