A stay-at-home mom (or dad’s) salary value jumped to over $184,000 thanks to the coronavirus pandemic.
With many stay-at-home parents juggling different roles – hello teacher! – Salary.com found the number of hours they worked increased from 96.5 in 2019 to 106 in 2020.
New data from Salary.com shows COVID-19 increased the earnings of stay-at-home parents who would have earned the fair market salary equivalent of $184,820 in 2020 compared to $178,201 in 2019.
“We saw that mothers spent considerable time managing financial concerns and organizing the schooling of their family during the height of the pandemic,” Lenna Turner, director of diversity, equity, and inclusion for Salary.com, said in a statement.
“The dramatic increase in average hours worked per week could have resulted in even higher pay, but some of that increased workload was dedicated to lower compensated roles,” Salary.com CEO, Kent Plunkett, added. “We applaud the heroic efforts of mothers everywhere to guide their families through the pandemic. ‘Thanks Mom!’ might be the understatement of the year, but it’s a good place to start.”