Being a parent is the hardest job you'll ever love (yes, I stole that slogan from the military!) And many couples make the decision that one spouse should stay home full-time. Given all the duties, here's what a stay-at-home parent should earn.
People say it’s hard to put a dollar amount on the hard work a stay-at-home parent does, but a new study figured out how to do just that. Researchers with Salary.com picked out a handful of jobs that reflect a day in the life of a parent and added it all up using the site’s stay-at-home-parent Salary Wizard tool. Their results show a stay-at-home mom or dad should be making $162,581 for their efforts.
Some of the “hybrid roles” the site uses in their findings include bookkeeper, tailor, public school teacher, dietitian, coach, and logistics analyst. They’ve been calculating the “salary” for years now and it’s been steadily rising, up from $143,102 in 2016 and $157,705 in 2017, all based on 96 exhausting hours of work a week.
Salary.com explains they did the research “to honor all the moms out there who work their hardest day-in and day-out,” and add, “We would like to recognize both professional and stay-at-home moms on their unwavering dedication to their families and other responsibilities.” Of course, I am friends with some stay-at-home dads, as well, and figure that the numbers apply to them, as well.