As much as we’d like to believe the world to be a changed place that has transcended condescending traditions that have overstayed their welcome, gender equality is still far from being a pervasive influence on all sections of society. Society at large is still primarily patriarchal, and even in progressive urban cultures, there is some form of diluted gender bias when it comes to identification of an individual’s competence in a race for resources and job promotions. Even in a multi-ethnic, all-inclusive country like Singapore, there is a veritable gender identity crisis, especially when it comes to the topic of managing finances.
You’d be surprised to know that such ramblings are not merely speculative anymore because numerous scientific studies have concluded that gender differences do play a significant role in determining the negotiation and management tactics related to money. In a study conducted by the Babcock organization, it was found ......