How much is a mother worth? No less than $65,284 per year, according to Insure.com’s annual survey computing Mom’s economic worth.
It is surely impossible to quantify the value of a mother, but neither should all her labors of love be taken for granted.
To that end, the folks at Insure.com perform a public service in estimating Mom’s salary based on annually updated Bureau of Labor Statistics data on occupational wages.
The insurance information and tools site each year computes a Mother’s Day Index, timed for a Hallmark holiday that belies the reality that Insure.com’s annual study serves to underscore: that Mother’s Day is actually every day.
Mom gets no day off from cooking, driving, helping with homework, taking care of the kids and sundry other activities included in the Index, which rose 3.7% over last year’s value of $62,985 and 9.1% over the 2013 Index figure of $59,862.
“Earnings for many of the tasks mothers are associated with, such as event planning and decorating the home, continue to grow and elevate Mom’s overall value,” said Penny Gusner, consumer analyst for Insure.com, in a news release announcing its Index update.
For example, the Index assigns a value of $23,088 for 40 hours a week, at BLS-determined wage of $11.20, for taking care of the kids 52 weeks of the year.
The rate is $18.68 an hour for 40 hours for “summer activity planner”—a 12-week stint where Mom serves multiple roles as “miscellaneous community and social service specialists, including health educators and community health workers,” which adds $8,964 to her average salary.