Father’s Day in Review — Pay Figures for Household Duties

We just celebrated Father’s Day. Cards and gifts were given. Breakfasts, lunches and dinners had, and hugs, kisses and gifts given for those whose fathers are close by.

Phone calls made for those that aren’t.

Insure.com is an insurance information website. Just before Father’s Day last week it released its 13th annual Father’s Day Index. It tracks the dollar amounts a dad would earn if they got paid for doing what they do around the home.

Wages for the annual salary rose this year from $52,474 to $54,996. That’s a 4.8% rise.

The wage estimates from the Insure.com index comes from the U.S. Bureau of Labor Statistics. It gives estimates for the 17 jobs that fathers normally do around a home.

By the way, the index gives fathers a better deal than what the average worker gets in annual wage increases. At the start of June this year, the average hourly wage was 4.3% over June of last year.

By the way, the contribution dad makes to the household doesn’t come close to what mom does in a year. If a mother was paid for all the jobs they do around the house, the average salary would be over $133,000.

Source link: Business Insurance — https://bit.ly/3qRFOqb

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The Professional Insurance Agents Western Alliance is a membership organization promoting and enhancing the success of independent agencies seeking to grow, learn and be heard within the industry.


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