Mother’s Day Index 2019: Mom's 'salary' highest ever

Insure.com's ninth annual Mother’s Day Index  shows our appreciation for all that moms do for our families by assigning an annual salary to the total value of common family duties. That value is based on the most recent Bureau of Labor Statistics salary data and reflects the most reasonable job titles for the many hats that moms wear. This year, Mom received a modest increase of 3.5 percent, taking her annual salary to $71,297 — the highest mom has ever in the survey.

The goal of the Mother’s Day Index is to show that losing this critical role in your family can be financially devastating — even if you didn’t have financial problems previously. If your primary caregiver watched the children, can you now afford to put the children into daycare? If both you and your partner worked, can you afford your mortgage and monthly bills without that income? Can you afford to hire help with the recurring chores while you take on additional family responsibilities?

Insure.com finds a light-hearted way to show families the value of the primary giver — whoever it may be. Stop and think about the person who does all these tasks on a daily basis. And now, imagine if that person were no longer there. Thinking about loss can be uncomfortable and emotional, but being prepared with a life insurance policy that would help protect the quality of life for your loved ones should the worst happen is certainly worth a little discomfort. 

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