​Having Kids Is Great for Your Career -- If You're a Man​

working dadFace it: juggling work and parenthood is a plight that many parents currently face and doesn't just apply to mothers. Working fathers have their own fair share of struggles and find themselves balancing their two very important roles. But when it comes to being a dad, the news is pretty good on the workfront. The latest study, which followed men and women in the United States between 1990 and 2010, found that working dads typically earned much more than men without families.

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The long-term study, completed by the City University of New York, showed that men without children earned 40 percent less than dads in 2010.

Get this: the median salary for a father is $49,500, while men without kids earn just about $29,000. Quick math lesson: that's $20,000 less!

And while much of the reason for the wage gap is because fathers tend to be older than men without kids and are therefore more established in their jobs and careers, that doesn't account for the entire difference. In fact, the study also determined that between the ages of 35 and 49, men are in the prime of their careers. And at this point, dads still win out. While it's just a little bit less, dads earn about $17,000 more at this stage of the game.

More from The Stir: 8 Reasons Being a Working Mom Is Good for Your Kid

So while it clearly looks like parenthood can rake in some major bank, the same does not necessarily apply to moms. Yes, working moms do earn more than childless women (about $5,000 more), but their overall salaries are still much, much lower than their male counterparts.

When the study authors broke down the numbers, one thing is still very clear. The wage gap is very much alive and true. Sadly.

Median income for a mother in 2010 was $25,179. That's a 49 percent difference in salary between the sexes. Sure, we can rejoice in the fact that we've improved since 1990 (the difference then was an overwhelming 59 percent), but it's still indisputable that men earn more than women.

But there could be one very specific explanation for it. In 2010, 92 percent of dads were employed full-time compared to only 67 percent of women. Could that account for, in part, why working dads tend to earn more? It's possible.

But either way, dang, fatherhood sure does pay. And clearly, we can all see that the "mommy tax" and "daddy bonus" are very much true.

Does the "daddy bonus" exist in your household?

 

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