Being a mom is a 24/7 occupation and mothers often do double-duty as chauffeur, head chef, activities coordinator, housekeeper and chief financial officer for their families. While being a mother is a full-time job, it unfortunately doesn’t come with a generous salary or a corner office.
Trying to assign a dollar amount to what a typical mom does over the course of a day, or over the course of a year is difficult and Credit Sesame was curious about just how much a mother’s job is worth. In honor of Mother’s Day, we conducted a brief survey of 1,000 respondents to find out what Americans think a fair salary is for those hard-working moms who do it all.
Most Americans think agree that a fair salary for mom is less than $100K
For this survey, we started off by asking respondents how much they thought moms should earn. Interestingly, 65 percent said pegged a mother’s pay at $99,999 or less. Thirty-eight percent said moms should take home between $0 and $49,999, while 27 percent said $50,000 to $99,999 was a reasonable salary.
The average salary deemed fair overall was $70,811,83.
That’s not too shabby, considering that the real median household income in the U.S. was $58,673, as of April 2017. Still, it’s telling that only a third of respondents thought moms should earn more than $100,000 a year. Approximately 19.5 percent said moms should be paid between $100,000 and $149,999 while 6.4 percent thought moms deserved $600,000 or more annually. The rest chose a number in between.
Women vs. men: How do men think about a mom’s pay?
Perhaps not so surprisingly, women were more likely than to think that moms should earn a higher salary. Seventy-one percent of women thought moms should be paid $50,000 or more, compared to 52 percent of men. On average, the men in our survey thought moms should get paid $60,163 per year while women put the average salary for moms at $81,410.
Younger respondents were more likely to choose a lower salary for moms
Our survey results showed that age has an influence on how much you’re likely to think a mom should get paid. While you might think that the younger crowd would be most appreciative, considering that they’re more likely to still be relying on mom, it’s actually older Americans who seem to value a mother’s work more.
Gen Xers ultimately, chose the highest average salaries for moms. Those in the 35 to 44 age range were most generous in their responses, with moms earning an average of $79,968, followed by 45 to 54-year-olds, who thought an average salary of $78,353 was appropriate.
Younger millennials chose the lowest average salary overall, followed by seniors aged 65 and up. That could suggest that younger adults may be taking their moms for granted while older Americans may have forgotten just how much work being a mom involves if their own kids have flown the nest.
Southerners seem to have the softest spot for mom
You might not think that geographic location would make a difference in how a mother’s job is valued but our survey shows that in fact, it does. We found that in the South, respondents thought that moms should be paid an average net salary of $76,406, the highest of any other region in our survey. The lowest average salary, $62,849 was chosen by respondents living in the West.
Rural residents were most likely to think moms should get the most, followed by suburbanites and then urban residents. The average mom salary chosen by people living in rural areas was $76,323, compared to $74,646 for suburban residents and $64,348 for those in urban areas.
As our survey shows, putting a dollar amount on what a mom does is challenging and it helps to put it in perspective. Think of it this way: if you had to hire a chef, chauffeur, housekeeper, financial advisor and a personal assistant to keep tabs on your schedule, how much would it cost you to pay them all for a year? If it’s less than $70,000, then you might consider it a bargain. This Mother’s Day, don’t forget to show mom some love and say thanks for everything she does because after all, she’s priceless.