Tuesday 27 September 2016

Stay-at-home parents' work undervalued

Published 11/08/2016 | 02:30

Most people understated the financial worth of the stay-at-home parent, according to research commissioned by Royal London insurance company (Stock photo)
Most people understated the financial worth of the stay-at-home parent, according to research commissioned by Royal London insurance company (Stock photo)

Cook, taxi driver, childminder, gardener and teaching assistant - the work of a stay-at-home parent is varied and tough.

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But a new survey shows that most people undervalue homemakers.

This emerged when people were asked to put a monetary value on what they thought it would cost to replace a parent who works in the home.

Most people understated the financial worth of the stay-at-home parent, according to research commissioned by Royal London insurance company.

Seven out of 10 opted for a figure of between €20,000 and €30,000 as the cost of replacing a stay-at-home parent and employing someone to take on their workload.

Royal London said a more accurate value for a homemaker's work was around €42,000.

Irish Independent

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