Do Nurses Earn Big Money? You Decide.

The members of the public who are convinced that registered nurses earn huge salaries are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations, and they are unaware of the hazards many of us face during the course of a day at work. Nurses General Nursing Article

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  1. Do Nurses Earn Big Money?

    • 4743
      No
    • 553
      Yes
    • 344
      Not sure

5,640 members have participated

"You're rolling in the big bucks!"

Am I the only one who becomes at least mildly irritated whenever a random individual finds out that someone is a nurse and proceeds to say, "You're rolling in the big bucks!"

To keep things honest, I'll recall a few observations about the people who generally do (and don't) broadcast their feelings about nursing pay. In my personal experience, no doctor has ever told me to my face that I'm earning 'big money.' No engineers, attorneys, pharmacists, speech language pathologists, or other highly educated professionals have hooted and hollered about the supposedly 'good money' that nurses make once they discover that I am one. On the other hand, bank tellers, call center workers, clerks, and others who work at entry-level types of jobs have loudly made their feelings known about the incomes that nurses earn.

I was employed at two different fast food chains while in high school, and during my late teens, I worked a string of dead end jobs in the retail sector. From ages 20 to 23, I maintained employment at a paper products plant in high cost-of-living southern California as a factory worker and earned an income of about $40,000 yearly with some overtime. Of course I thought that nurses earned handsome salaries during my years in the entry-level workforce. After all, the average RN income of $70,000 annually far exceeded my yearly pay back in those days. Keep in mind that I paid virtually no taxes as a fast food worker because my income was so low. Also, I paid relatively little in the way of taxes as a retail store clerk.

Awash With Cash

Do nurses earn "big money"?Many of the certified nursing assistants (CNAs) with whom I've worked over the years have fallen into the trap of believing that the nurses are awash with cash. However, the ones that pursue higher education and become nurses themselves eventually come to the realization that the money is not all that it is cracked up to be. For example, Carla* is a single mother to three children under the age of 10 and earns $11 hourly as a CNA at a nursing home. Due to her lower income and family size, she qualifies for Section 8 housing, a monthly food stamp allotment, WIC vouchers, Medicaid, and childcare assistance. Moreover, Carla receives a tax refund of $4,000 every year due to the earned income tax credit (EITC), a federal program that provides lower income workers with added revenue through tax refunds. Much of Carla's CNA income is disposable.

Carla returned to school part-time, earned her RN license, and now earns $25 hourly at a home health company in a Midwestern state with a moderate cost of living. She nets approximately $3,000 per month after taxes and family health insurance are deducted as she no longer qualifies for Medicaid. She pays the full rent of $900 monthly for a small, modest 3-bedroom cottage because she no longer qualifies for Section 8. She pays $500 monthly to feed a family of four because she no longer qualifies for food stamps or WIC vouchers. She spends $175 weekly ($700 monthly) on after school childcare for three school-age children because she no longer qualifies for childcare assistance. Carla's other expenses include $200 monthly to keep the gas tank of her used car full, $300 a month for the electric/natural gas bill, a $50 monthly cell phone bill, and $50 per month for car insurance. Her bills add up to $2,700 per month, which leaves her with a whopping $300 left for savings, recreational pursuits and discretionary purposes. By the way, she did not see the nice tax refund of $4,000 this year since she no longer qualifies for EITC. During Carla's days as a CNA most of her income was disposable, but now that she's an RN she lives a paycheck to paycheck existence. I'm sure she wouldn't be too pleased with some schmuck proclaiming that she's earning 'big money.'

The people who are convinced that nurses earn plenty of money are like shrubs on the outside looking in because they do not know how much sweat and tears we shed for our educations. They remain blissfully unaware of the daily struggles of getting through our workdays. All they see are the dollar signs. I'm here to declare that I worked hard to get to where I am today and I deserve to be paid a decent wage for all of the services that I render. Instead of begrudging us, join us.

Further information to help readers decide...

 

Specializes in LTC, Agency, HHC.

Very well written, as always, Commuter!

Specializes in Gerontology, Med surg, Home Health.

I'm not sure if I've already chimed in, so....

Do nurses make big bucks? You tell me what your life is worth because we hold it in our hands. You tell me what it's worth for me to be responsible for 152 patients and 100 staff members...the people who think we are 'well paid' or over paid probably have no qualms about buying a ticket to a baseball game for $100...those Neanderthals make more in one game than some nurses do all year. NONE of us are paid what we're worth.

Specializes in Geriatrics, home health, hospice.

No I don't think RNs always make "big bucks". For example, I have experience with LTC (TCU and Charge positions) and Hospice/Care Mgmt, I am currently working for a Managed Care Organization for the State. My salary is $45k, now that number is smaller than the $62k I made as a Hospice RN BUT I have Monday-Friday hours, no weekends, no holidays and awesome benefits like health insurance (which I pay nothing for and no deductible) and retirement vs working ~50 hrs out of a weekly 72 hr weekend shift in Hospice. I lived paycheck to paycheck, with a small townhouse, used car, student loans etc on both salaries... My husband who is a Machinist, makes $18/hr which works out to being the same yearly amount as I do now! No living threatening situations, poor hours blah blah that I had with my last few jobs. Do I believe there are awesome paying RN jobs out there? Sure! But they won't be something you land right away out of school.

Specializes in Pediatrics, Emergency, Trauma.

I guess "big money" is subjective; however, I do think nurses CAN make a comfortable amount of money. I have made a comfortable amount where I have paid bills three-six months in advance; I am making less, and I basically had a summer vacation on paying my utilities, lol.

But when COLA is increasingly high, and there hasn't really been a wage reflection for a few decades, then YES, nurses (a pretty much everyone else, IMHO), NEED a substantial increase. :yes:

Specializes in NICU.

I wouldn't say that I'm rolling in money, but after a 2-year college diploma...I make a lot more than many of my friends with university degrees working min wage at coffee shops because their degree has no real relevance in the working world. I also make considerably more than many of my friends who also have 2 year diplomas in other fields. I'd say that I make a very comfortable wage in my area, no complaints here.

I sympathize with the CNA in the paragraph.. My little brother and I sure were grateful for the "government handout" of food stamps back when my mother lost her job for those 3 months which seemed to last for an eternity.

As they say mo money mo problems....lol

Specializes in neurology, cardiology, ED.

It's all about perspective... Does a doctor, or a lawyer, or an engineer think that my $60k a year is big bucks? No, of course not. But the people who say that to me are not doctors, lawyers, or engineers. They're waiters, retail workers and of course, our patient care techs who work with us. It sure looks like big bucks when you make $9/hr - trust me, I know this from experience.

As far as whether I feel like I make good money, in short, yes. I drive a new car, I own a home in a nice neighborhood, and go on vacation several times a year.* I am able to do all of this by working 3 or 4 days a week. There is no other job I can think of where that would be possible. Oh, wait. I could be a firefighter... Nah. I'll stay a nurse.

*disclaimer: I don't have kids, and my husband is an RN as well

Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
I wouldn't say that I'm rolling in money, but after a 2-year college diploma...I make a lot more than many of my friends with university degrees working min wage at coffee shops because their degree has no real relevance in the working world.

I think you have a remarkably salient point. During my years as an LVN with a trade school diploma, I earned more money than many people who were educated at the non-nursing baccalaureate and/or masters degree level such as social workers, adjunct instructors, nonunion teachers, history majors, art majors, and so forth.

Specializes in Med/Surg, Academics.

It all depends on context, of course. The OP example was a single mom with 3 young children where all the bills, including health insurance, is on her shoulders.

In my case, married with two teenagers. Husband carries health insurance so I don't have to, and I get a higher per hour wage. Our gross together is north of $170k. He makes more than I do (a computer programmer in a nonmanagement position), but my take home is more than the his. Paid 25k in federal income taxes last year, even though we shovel the max pre-tax dollars to retirement. Cars paid off, same 1400 square foot house for 20 years, no cc debt.

Context.

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.

Nope. Nurses do not make big money. I know of some nurses making $300K but who would consider that big money? For that matter doctors don't make big money either. The highest paid surgeon in my health system only makes a little over a million a year. (it's published in our annual report but the surgeon isn't named).

This compares to even crappy CEOs of companies making tens or hundreds of millions.

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
I think you have a remarkably salient point. During my years as an LVN with a trade school diploma, I earned more money than many people who were educated at the non-nursing baccalaureate and/or masters degree level such as social workers, adjunct instructors, nonunion teachers, history majors, art majors, and so forth.

Right. I was talking to a friend who is a chemical engineer with a BS and two masters degrees, one in engineering and one in business. He recently was promoted to the head of his department and was excited to now be making $85K. Or about 2/3 what I make with an associates degree. We have been in our fields for a similar amount of time.