Gender Pay Gap Emerges in Children's Pocket Money

The video discusses the pay gap in pocket money between boys and girls under 15 in the UK, highlighting that boys receive more and are more likely to ask for raises. The 'Harrods effect' is introduced, suggesting girls can exceed the gap through negotiation. Parental perspectives on teaching children about money are shared, emphasizing the importance of understanding money's value and self-worth.

What percentage of boys believe they should receive more pocket money compared to girls?

• 44% of boys and 39% of girls

• 39% of boys and 44% of girls

• 50% of boys and 50% of girls

• 60% of boys and 30% of girls

What is the 'Harrods effect' as mentioned in the video?

• A trend where girls spend more at Harrods to compensate for the pay gap

• A financial theory about saving money

• A phenomenon where boys spend more money at Harrods

• A marketing strategy used by Harrods to attract young shoppers

According to the video, what is a key skill that young girls need to develop?

• The ability to save money

• The ability to negotiate for better pay

• The ability to spend wisely

• The ability to invest in stocks

What is the main concern of the speaker's son regarding money?

• He is keen on spending money

• He is concerned about the value of money

• He wants to earn more pocket money

• He is interested in investing money

What is emphasized as important for children to understand in the final section?

• The importance of saving money

• The value of money and oneself

• The need to spend money wisely

• The benefits of earning more pocket money