According to a new study, stay-at-home moms should be earning more than $160,000 a year. Salary.com looked at several jobs “that reflect a day in the life of a mom” and calculated an annual salary using its Salary Wizard. The job site found that a stay-at-home mother’s average 2018 salary would be $162,581 based on the work they do.
Moms perform a variety of “hybrid” roles that include teacher, event planner, photographer, plumber, coach, bookkeeper, psychologist and janitor. In 2017, Salary.com estimated stay-at-home moms should earn just over $157,000 for a 96-hour workweek. In 2016, the figure was estimated at around $143,000. On social media, some parents have mentioned that the survey should also include stay-at-home fathers. “Stay-at-home parents, you mean,” one user tweeted. “Because men stay at home as well to raise their children.”
Some mothers also said that parents who care for children as well as working full-time jobs deserve appreciation, too. “I’m a SAHM and I appreciate when people tell me I have a hard job, but I have to say it’s the working mothers who really deserve all that credit. They have my respect for sure,” one woman tweeted.
Others believe that stay-at-home mothers have a lot of responsibility and the salary reflects that. “I stayed at home for eight years doing everything, even teaching preschool to my kids to get them ready for kindergarten,” one mother tweeted. “So yes, I agree. Being responsible for everything [means you] should get paid that.”
"We need to make it ok for all women to embrace their ambition, whether you’re a stay at home mom or an executive.” Tory Burch is helping other female entrepreneurs know it’s ok to be ambitious.https://t.co/lGm9o14DIu— The Female Quotient (@femalequotient) October 28, 2019
According to the Pew Research Center, more than 11 million people in the US – or 18% – were stay-at-home parents in 2016. Despite variations, the rate of state-at-home parenting is on par with what it was a quarter-century ago, although the share of stay-at-home dads at home has increased to 17%.
In 2015-16, 21% of Millennial parents, between the ages of 20 to 35 at the time, were stay-at-home parents, while 17% of Gen X parents were stay-at-home parents when they were the same age in 1999-2000. In general, stay-at-home parents are more educated and less likely to be in poverty. Among all stay-at-home parents, those who are home to care for children are more likely to have a college degree than stay-at-home parents who are home for different reasons.
The reason most parents choose to stay at home is family flexibility, which is why 90% of Millenial mothers work from home. They strive to balance work with parenting while investing in their happiness. It has also been found that some millennial women work outside their fields to ensure part-time hours by teaching piano, tutoring and creating a business based on their hobbies to make staying at home possible.