Apparently there isn’t much sugar in dad.
Insurance information website Insure.com on Thursday released its 13th annual Father’s Day Index, which tracks the wages dads would earn for household chores if they were paid to perform those tasks.
This year’s data shows that dad’s annual “salary” rose this year to $54,996 from $52,474, a jump of 4.8%.
Insure.com says it used recent salary data from the US Bureau of Labor Statistics to calculate the financial value of 17 jobs that fathers typically do.
On the plus side, fathers’ wage increases are slightly ahead of the overall wage increases of American workers. In early June, the BLS reported that average hourly earnings rose 4.3% over the past 12 months.
But despite their recent salary increases, dad’s contribution to the family pales in comparison to mom’s. In the past year, if moms were paid for all their jobs around the house, they would have earned more than $133,000, according to a previous analysis by Insure.com.