What’s a father worth?

candid image of father and son walking crowded streetAbout $23,000, according to this post from Insure. com:

Insure.com’s 2013 Father’s Day Index puts Dad’s household tasks at $23,344 a year, up from last year’s $20,248. The increase is largely due to higher mean hourly wages for drivers, teachers, coaches and plumbers, according to Bureau of Labor Statistics data.

Moms will likely feel slighted this year. Although Mom’s 2013 value is higher than Dad’s at just under $60,000, mothers have been seeing their value drop every year.

These surveys have to be taken with a grain of salt. The ones that put Mom’s value in the six figures need a whole shaker, since they typically value Mom’s contributions as chauffeur, cook and event organizer at the same rates you’d pay a top-ranked professional–rather than the amount you’d pay a nanny or other caregiver to perform the same functions.

But still, they’re kind of fun to read, and they could remind you that life without Dad (or Mom) could be expensive, which is why you want life insurance if others are financially dependent on you.

Related Posts

  • This week’s money news This week's top story: Smart Money podcast on financial fears, and if you need life insurance or not. In other news: What makes a good […]
  • Wednesday’s need-to-know money news Today's top story: Life insurance favors young adults, but they have hesitations. Also in the news: The logic of booking air travel has […]
  • Monday’s need-to-know money news Today's top story: Do you really need a million dollar life insurance policy? Also in the news: A new episode of the Smart Money podcast […]
  • Tuesday’s need-to-know money news Today's top story: 5 options for your money before student loan payments resume. Also in the news: Why the freelancing boom may change how […]