Wage and asset gaps between genders in France

In France, women earn about 15% less than men on average and have household assets that are roughly 20% lower, according to the National Institute of Statistics and Economic Studies (Insee). These disparities are compounded by the fact that women are less likely to invest in financial markets and tend to keep more conservative savings.

Importance of early financial education

The persistent differences in income and financial behavior between genders highlight the need to improve financial education from an early age. Studies show that children who are regularly and systematically exposed to discussions about budgeting develop stronger and more enduring financial skills as adults.

Maternal influence on financial habits

The maternal role is crucial in shaping children’s financial habits. According to the Bank of France, mothers are the primary references for children regarding daily expenses and the management of the family budget. A 2023 OECD study also found that children’s financial behaviors are closely linked to those of the parent most involved in household decisions, a role still largely held by women.

Persistent cultural barriers for women in investing

Despite this influence, cultural barriers remain. According to the Retail Investor Beat by eToro, 19% of French women began investing in the last two years or less, compared to 12% of men. Meanwhile, only 34% of women have been investing for over ten years, compared to 42% of men, showing a delayed entry into investment for women.

Childhood financial socialization

These inequalities begin in childhood. The French Banking Federation’s barometer shows that girls receive slightly less pocket money than boys and are less encouraged to make independent financial decisions. European studies also indicate that parents discuss money and investments more often with sons than with daughters, shaping financial attitudes from an early age.

National financial education initiatives

Since 2016, France has implemented a national strategy for economic, budgetary, and financial education, led by the Bank of France. The EDUCFI program aims to teach essential knowledge about budgets, payment methods, savings, and debt prevention. It is part of an international effort, including the OECD’s Global Money Week, which reaches hundreds of thousands of students annually.

Challenges in financial education

Despite these efforts, financial education in France remains inconsistent, unevenly distributed, and often not integrated into a continuous learning process. With the rise of digital payments, investment platforms, and longer life expectancies, understanding financial systems has become crucial for personal independence.

Need for broader financial education

Improving financial education in schools, families, and society is essential to reduce the confidence and knowledge gap between girls and boys. Preparing the younger generation for a responsible and informed relationship with money strengthens future economic freedom and promotes social cohesion.