Jan 11, 2025
Jan 11, 2025
As per an analysis done by pension and life insurance provider Royal London Ireland, stay-at-home parent role has been valued at an annual salary of €57,140. The study analysed the daily tasks and responsibilities of stay-at-home parents and researched the cost of employing someone to do these jobs, based on current wage data. A survey of 1,000 adults showed that almost nine in ten people underestimated the monetary value of a stay-at-home parent. Just 11% of respondents valued the cost to employ someone to perform the duties of a stay-at-home parent at over €50,000. As per the most recent census data of Ireland, there were 272,318 stay-at-home parents in 2022 and 90% of them were women. Stay-at-home parents have a diverse range of responsibilities including childcare, household management, cooking, cleaning, budgeting, emotional support, and handling children’s transportation needs (taking children to events and activities) yet the full value of their work often goes unrecognised.
News Sources:
https://www.rte.ie/news/business/2025/0109/1489793-stay-home-parent/
https://la.ie/2025/01/09/stay-at-home-parent-role-valued-at-annual-salary-of-e57k-study/
https://theirelandnews.com/news/2025-01-10/average-salary-of-stay-at-home-parent-is-57k/91487