How Much is Mom Worth?
So Mother's Day is Sunday and you know how hard your mom worked over the years. The question is...if you had to come up with a salary for all the Mom does how much would it be? Well financial advisor Ric Edelman calculates each year what Mom would make if she were paid for all the jobs she does. This year the figure is nearly $803,000 per year! The basis of the salary is that the typical mom actually does many jobs- 17 of them in fact. Using average annual compensation data from the U.S. Department of Labor's Bureau of Labor Statistics, Edelman totals up the average salaries for those 17 occupations to arrive at each year's figure. Here they are broken down for you:
1. Animal Caretaker $29,920
2. Chef $37,880
3. Computer Systems Analyst $72.230
4. Financial Manager $101,450
5. Food/Beverage Service Worker $19,360
6. General Office Clerk $25,200
7. Registered Nurse $59,730
8. Management Analyst $77,270
9. Child Care Worker $18,820
10. Housekeeper $18,700
11. Psychologist $66,110
12. Bus Driver $33,050
13. Elementary School Principal $79,200
14. Dietitian/Nutritionist $47,890
15. Property Manager $52,290
16. Social Worker $40,640
17. Recreation Worker $22,950
Edelman said the index is actually a conservative number since it doesn't include the value of the retirement, health and insurance benefits that workers in these positions typically receive. So take this to Mom on Mother's Day and tell her how much you value all she's done for you over the years. If she was making this salary for all the years she's been a mom think of the retirement she'd have now!!
Posted by
Kayleigh Kriss
at
14:46:40
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