Parents favor boys over girls when it comes to saving for college

Personal Finance

“Looking at the breadth of the results, it suggests there are some antiquated viewpoints on gender out there,” said Roger Young, a senior financial planner with T. Rowe.

The findings were part of the financial services company’s ninth annual Parents, Kids & Money Survey, which was conducted in January and surveyed about 1,000 parents and their children. Although the study does not point to a reason for the disparity — nor endeavor to explain it — the reduced financial support echoes the workplace reality of women earning less.

In 2016, female workers earned 80.5 cents for every $1 earned by their male counterparts, according to Census Bureau data released this month. That amount is a slight increase from 2015, when it was 79.6 cents for every $1.

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