Moms are priceless. But around Mother’s Day each year, folks try to put a precise dollar figure on the value of a mom anyway.
Happy soon-to-be-Mother?s Day! To honor moms everywhere, the all-purpose insurance site Insure.com creates a Mother?s Day Index around this time of year. Researchers round up all the different tasks handled regularly by moms, and then multiply the number of hours moms dedicate to each chore by the going rate per the Bureau of Labor Statistics for the corresponding occupation.
For instance, Insure.com estimates that the average mom spends 40 hours a week, 52 weeks a year, taking care of her kids. The mean hourly wage for such a job?childcare worker?is $11.10, which adds up to $23,088 annually. Other mom tasks include serving as a chauffeur, cook, nurse, homework helper, accountant, and private detective (necessary to find out what the kids are up to, of course). When all the numbers are added up, the total comes to $65,283.81.
Well, maybe that sounds about right for what your mom is worth. But our moms are worth far more?they?re priceless, invaluable beyond measure, let alone some crass dollar amount. (Note to self: Forward this story to mom in lieu of a gift on Sunday.) Meanwhile, nearly 4 in 10 women surveyed for the Insure.com study say that the work of moms merits a salary of at least $75,000. Guys don?t seem to think as highly of mom?s value; only 28% said $75K+ is fair compensation for a mother?s tasks, while 22% were of the opinion that mom?s chores are worth less than $25,000 annually.
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