Your father may be a champion to you, but the typical dad's work around the house is still far less valuable than the typical mom's, according to the 2015 Insure.com Father's Day Index.
Insure.com finds that the proper annual wage for the typical Dad's household tasks is $25,709. That is the highest value yet in the five years of the index, but it is still just 39 percent of Mom's “value” of $65,284, as revealed in the 2015 Insure.com
Mother's Day Index
The Index calculates Dad's worth based on Bureau of Labor Statistics (BLS) wages for household tasks fathers commonly perform. Dad's value doesn't include salary from an occupation outside the house, nor does it count the household duties of the typical stay-at-home dad.
Here is the annual value of Dad's tasks in previous years:
- 2014: $24,103
- 2013: $23,344
- 2012: $20,248
- 2011: $20,415
BLS data show that pay for all but one of Dad's household tasks increased in the last year. The big movers were mowing and lawn maintenance (up 10.4 percent), scout leader (up 27.7 percent) and being the family's “taxi driver” (up 12.8 percent). (
See all tasks and wages at the bottom of this page.)
How much do you think Dad is worth?
In a recent Insure.com survey, men and women were asked how much dads should get for their contributions around the house (if they were paid for them). The majority, 58 percent, picked an amount of $50,000 or less. Nearly half of that group - 25 percent of the total respondents - picked a value of between $25,001 and $50,000.
Here is a breakdown of how much respondents thought Dad should be paid:
- Nothing: 4 percent
- Up to $10,000: 10 percent
- $10,001 - $25,000: 19 percent
- $25,001 - $50,000: 25 percent
- $50,001 - $75,000: 21 percent
- $75,001 - $100,000: 11 percent
- $100,001 - $200,000: 5 percent
- Over $200,000: 5 percent