Mother’s Day is just around the corner, and we’ve got some eye-opening news for you. Insure.com’s latest Mother’s Day Index has crunched the numbers to reveal just how much moms should be earning for all their unpaid work at home and with the family. Spoiler alert: it’s a jaw-dropping $145,235! 😲💸
This annual report is a solid reminder of the countless roles moms play, from cooking and cleaning to caregiving and emotional support. According to the 15th edition of the index, moms’ hypothetical salary has gone up by 4% from last year’s $140,315. 📈
So, how did they come up with these figures? Insure.com’s team analyzed U.S. Bureau of Labor Statistics wage info to get hourly rates for jobs moms commonly do, like laundry and homework help. They estimated the hours spent on each task and calculated an annual salary. For example, moms spend around 14 hours a week cooking, and with cooks earning an average of $17.14 an hour, that adds up to $12,478 a year. 🍳
Here’s a fun breakdown of some of the professions moms cover and their estimated yearly earnings:
- Accountant: $1,169
- Baker: $435
- Chauffeur/driver: $8,794
- Childcare worker: $33,134
- Cook: $12,478
- Elementary school teacher: $24,156
- Hairstylist: $543
- Landscaping: $1,022
- Laundry worker: $3,268
- Maid: $9,043
- Meeting planner: $2,003
- Mental health counselor: $5,584
- Private detective/investigator: $1,186
So, next time you see your mom juggling a million tasks, remember she’s worth every penny of that $145K! 💖👩👧👦 Happy Mother’s Day to all the amazing moms out there! 🌸
Source: Insure