How much would mom be paid?
What moms (or dads) would earn annually for their role as parents.
According to The Value Of A Parent Report, R440,286 (£31,627) is how much a mother, in the UK, would be paid annually for the labour of taking care of the children and for working around the home. A typical mother devotes 71 hours a week to household chores and to caring for the family. The parental value of a dad stands at R333,705 (£23,971) annually, for the 53.5 hours a week that he contributes towards childcare and household duties.

Moms vs. dads
The average working parent’s contribution to domestic work is R 333,357 (£23,946).
The Value of a parent report was commissioned by Insurers Legal & General.

Cost of rearing a child
R2,14,9990 (£154,440) is the average day-to-day cost of raising a child to the age of 18. The report also revealed that expectant mums underestimate the cost of raising a child by about 59%.

Time spent on social media

The report also reveled that both parents spend an average of 5.5 hours each on the net a week researching products and online services. However mums spend an average of 5 hours a week on social media while dads spend 3.5 hours.

Pocket money
Parents spend three times more on pocket money than on insurance.

Time spent with partner

17.5 hours a week are spent with a partner while 7 hours are spent alone.

Lack of planning

Only 31 % of parents said they had a will. 17% of the parents had no plans or had no idea what they would do if one of the parents died. 26% of the parents expect the grandparents to look after the grandkids if the parents should die, thus maintaining the lifestyle.

Read more by Sipho Yanano

How do those UK figures comapre to your own lifestyle?

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