Mom’s Annual Value Falls
Moms are not valued as much as a year ago. According to the 2013 Mother’s Day Index, Mom’s value in the household slipped to $59,862. That’s down from $60,182 in 2012 and $61,436 in 2011. Insure.com devised the index. It uses a list of common household tasks, such as cooking, yard work, cleaning, and handling family finances, and calculates the value with wage data from the U.S. Bureau of Labor Statistics. “Average wages for typical Mom jobs have been dropping, pushing down Mom’s annual value,” said Amy Danise, editorial director of Insure.com.