Insure.com's 2024 Mother's Day Index: Mom's Role Worth $140,315
The 14th edition of the wage study finds mother’s economic value increased 5% in the last year
For the full report, please visit: Mother’s Day Index 2024
“The unpaid work mothers do is worth over six figures,” says Insure.com Managing Editor
Insure.com compiles its
Among the 19 job categories used for the index:
- Cook
- Teacher
- Childcare worker
- Nurse
- Maid/housekeeper
- Hairdresser
- Laundry worker
- Mental health counselor
The Mother’s Day Index intends to acknowledge the hard work mothers do, which often includes balancing a family and a home with a full-time job — essentially performing two jobs yet only being financially compensated for one.
For many families, the absence of a second caregiver necessitates hiring outside help for cooking, cleaning and other household chores. Using the Mother’s Day Index as a gauge, the cost could add up to
“The loss of a mother isn’t just emotionally devastating, it can be financially devastating, too. All families should consider purchasing life insurance for mom in order to protect their financial health,” says Gambhir, a licensed life, health, and disability insurance expert.
A life insurance policy can afford a family the means to pay for childcare, housekeeping, tutoring and more.
Gambhir is available to comment on this year's
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Source: Insure.com