Father’s Day: If “dad” was a paid job, he would earn less than mom

30% of Americans think the job is worth a six-figure salary, but 38% think moms should earn the same salary.

It’s not about how much you spend, it’s about the message you send.

— Dr. Deborah Y. Cohn Acting Dean, School of Management, NYIT

AUSTIN, TEXAS, USA, June 9, 2022 /EINPresswire.com/ — While the gender pay gap means women earn an average of 83 cents for every dollar a man earns in the workforce, there is one area where the trend would be reversed – fatherhood.

If being a father were a paid job, 30% of Americans think the job is worth a six-figure salary and 12% say it should pay between $80,000 and $100,000. This compares to 38% who think moms should earn six figures and 12.8% who think moms should earn between $80,000 and $100,000.

Father’s Day is June 19, and DebtHammer.org set out to uncover Americans’ plans to honor dads this year.

According to the National Retail Federation, consumer spending this Father’s Day is expected to exceed $20 billion. That’s almost on par with last year’s $20.1 billion. About 76% of adults in the United States are expected to mark the day in some way. That’s significantly less than the $31.7 billion Americans were expected to spend on Mother’s Day.

DebtHammer surveyed over 700 Americans to learn more about their Father’s Day 2022 spending plans and how they compare to Mother’s Day. Here are some of the findings:

Dad might have another tie: About 20% plan to buy clothes or accessories for dad. The only top items are special outings like a meal or sporting event (22%) and gift cards (24%). Other popular choices include electronic gadgets, handmade gifts, and DIY or gardening tools. About 58% will include a greeting card with their gift.

Americans don’t plan to spend too much: Only 10% plan to go into debt for Father’s Day using credit cards, buy now, pay later plans or loans. Others will pay cash, pay the full bill when he arrives, take part in a side concert, or sell unwanted items to pay for the gifts.

Dad vs. Mom: About 29% say they plan to spend less on Father’s Day gifts than Mother’s Day, while about 54% say they plan to spend about the same amount.

Read the full report at debthammer.org/fathers-day-survey.

DebtHammer is an industry leader in the fight to get Americans out of debt.

Please email [email protected] for more information or if you would like to schedule a phone or video call with DebtHammer Founder and CEO Jake Hill. Feel free to embed any of the visuals included in the report on your website, or use or modify the raw files as needed. Complete datasets are available upon request.

Jake Hill
DebtHammer
+1 214-542-2502
write to us here

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