This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Mother's Day Index 2014: Inequality Edition





Mom's value is priceless, but if you had to put a dollar figure on the things she does for the family, her worth would be up this year over last, according to Insure.com's annual Mother's Day Index.

From chauffeur to cook to household financial manager, Mom does a little bit of everything. The value of the tasks a typical mother does is $62,985, 5 percent more than last year's total of $59,862. (See the dollar value of all tasks at the bottom of this page.)

But if you paid a man to do those same tasks, the salary would be even higher:

  • Cooking: The median weekly wage for male cooks is $411, compared to $382 for women.
  • Helping with homework: The median weekly wage for men working as teachers and other instructors is $1,055. For women, it's $729.
  • Cleaning up: Men working as housecleaners make a median weekly wage of $467 per year, compared with the $401 women earn.
  • The family finances: A male accountant or auditor earns a median weekly wage of $1,268, compared with $1,029 for women.

The figures are based on Bureau of Labor Statistics median wage data for men and women. A man putting in the same hours at the same tasks would earn $67,743, about 8 percent more.

The imbalance is reflected in life insurance. Among individual policies sold to married couples, the amount of coverage on women is substantially lower.

Life insurance for moms

Many families couldn't afford to pay for the services that a mom does for free. That's why it's important to consider what a parent provides when deciding how much life insurance to buy. (See customer satisfaction rankings in Insure.com's best life insurance companies list.)



It's no secret that moms shoulder a lot. According to Insure.com's survey, all the tasks listed in the Mother's Day Index are part of most mothers' household routines. Ninety-three percent shop for the family, 94 percent drive their kids around, 91 percent cook and 89 percent clean.

1 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs