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What a Dad is Worth?

What a Dad is Worth?

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

Dad's job

BLS occupation 

Hours per week

Weeks per year

Mean hourly wage

Annual value

Family finances

Accountants and auditors

0.5

52

$31.70

$824

Plumber

Pipelayers, plumbers, pipefitters, and steamfitters

2

3

$30.40

$182

Helping with homework

Other teachers and instructors

10

40

$26.38

$10,550

Coaching a team


Athletes, coaches, umpires, and related workers

4

10

$23.35

$934

Handyman

Maintenance and repair workers, general

8

6

$20.18

$968

Car maintenance

Automotive service technicians and mechanics

2

10

$17.85

$357

Assembly of toys, bookshelves, etc.

Miscellaneous assemblers and fabricators

3

10

$15.25

$458

Pest removal (spiders, gross bugs)

Pest control workers

1

4

$15.15

$61

Scout leader

Recreation and fitness workers

5

10

$14.03

$701

Driving

Taxi drivers and chauffeurs

9

52

$13.50

$6,318

Moving furniture

Laborers and freight, stock, and material movers, hand

2

3

$13.10

$79

Barbecuing

Cooks

3

52

$10.28

$1,603

Mowing the lawn, landscaping, snow removal

Grounds Maintenance Workers

2

52

$10.28

$1,069

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.

 

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