The gender pay gap means that men in full time work earn more than 14.2 per cent more than women, but it’s not just grown-ups who are losing out.
According to a new survey involving 1,200 children and 575 parents, boys even outearn girls when it comes to pocket money.
While the average weekly allowance has risen to its highest level for nine years, according to the Halifax survey, boys are coming out 12 per cent better off, pocketing €8.97 compared to just €7.98 for girls.
Last year boys also received more pocket money than girls, but the difference was just two per cent., so the gender pocket money pay gap is widening.
Frustratingly, not only do boys get much more spending cash than the girls, they are more likely to think they SHOULD receive more pocket money than girls (44 per cent vs 39 per cent).
On average, children in the UK now receive £6.55 (€8.48) per week from a parent or guardian, an increase of almost six per cent in the last year. Not since 2007 have children received more pocket money, which suggests a loosening of the family purse strings after almost a decade. The number of children receiving pocket money has also increased by three per cent in the last 12 months to four in five (81%).
On average, eight year-olds receive £5.06 (€6.55) with 15 year-olds receiving £7.85. (€10.16). However, it is nine year-olds who receive the least on average £4.68 (€6.06) and 14 year-olds who receive the most at £8.03 (€10.40).
Despite the pocket money pay rise, just over two fifths (42 per cent) of children still believe they should receive more pocket money than they do. However, over half (51 per cent) believe they receive the right amount of money.
Just over one in five (23 per cent) believe their friends get more pocket money than they do (down two per cent on last year) and almost half (45 per cent) say knowing how much their friends get is important to them, a significant increase on 2015 (37 per cent).
Significantly more children now save some of their pocket money, up to 79 per cent compared to just 70 per cent last year. And it seems the kids are getting savvier: almost one in eight now save all their pocket money, up from 10 per cent last year.
How much pocket money do your kids get? And how do you decide? Let us know on Twitter @HerFamilydotie.
