The first presidential decree honoring America’s fathers occurred in 1966 when Lyndon Johnson set aside the third day of June to be known as Father’s Day. President Richard Nixon made it official in 1972.
So we set aside a day to thank dear old Dad for being so wonderful all the other days of the year.
Insurance.com conducted made a list of household chores dads often contribute and estimated the number of hours spent annually doing those chores, and then referenced them to the Bureau of Labor Statistics to determine Dad’s value: $24,103.
The Father's Day Index 2014
Hours per week
Weeks per year
Mean hourly wage
Accountants and auditors
Pipelayers, plumbers, pipefitters, and steamfitters
Helping with homework
Other teachers and instructors
Coaching a team
Maintenance and repair workers, general
Automotive service technicians and mechanics
Assembly of toys, bookshelves, etc.
Miscellaneous assemblers and fabricators
Pest removal (spiders, gross bugs)
Pest control workers
Recreation and fitness workers
Taxi drivers and chauffeurs
Laborers and freight, stock, and material movers, hand
Mowing the lawn, landscaping, snow removal
Grounds Maintenance Workers
Dad's 2014 value: $24,103
Wage source: Bureau of Labor Statistics
The company also asked dads what gift they’d most like to receive for Father’s Day. Amy Danise, Editorial Director at Insurance.com, says the number one response was dinner at your town’s best restaurant, followed by a weekend getaway with the whole family, electronics, and tickets to a show or sporting event.