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...

 

applewhitern said:
I haven't had a pay raise in 4 years. As everything else gets higher and higher, my income gets smaller and smaller. My health insurance premiums have doubled, and pays much less. My deductibles have risen dramatically.

I hate to break it to you, this phenomenon isn't limited to the nursing profession. I worked for many years in the IT sector for a large pharmacy chain without a raise. And my husband has been working for the gov for the past 10 years, only just recently getting a couple small (1%) raises.

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
ThePrincessBride said:
Huh?

I live in the mid west. New grads are making close to 23-25/hr. I am a registered nurse with over two years experience and I make less than 26/hr.

I'm in the Midwest. In Minneapolis our new grads start over $68k/year, that's > $32/hour.

I don’t know what is deemed “big money” but I would say I make a pretty decent income. My first year as a nurse I nudged near 6 figures. HOWEVER, I worked overtime, weekend option nights with compounding shift differentials and worked bonused shifts.

I definitely agree with the article when it states all the benefits you lose when you do finally start working. I have no help with childcare, no food assistance, lost all assistance for my daughter’s therapy (she’s autistic) and I get ZERO tax breaks. I do it all on my own, and let me tell ya, it’s beyond exhausting.

The things I am required to tolerate for my paycheck every week are nothing short of super human. Families angry because it took too long to get a cup of water (that they never asked for), physical assault by confused or withdrawing patients, poop, pee, spit , vomit, blood, and every other kind of bodily fluid imaginable, CAT calls, codes, hospice patients, mandatory online education, policy updates, nasty grams when things aren’t done exactly according to policy, (policies written by individuals who have either never worked the floor, or left it years ago and have no idea what’s really going on), threats of lawsuits, write ups, and not to be forgotten, our all time favorite, grouchy doctors!

All of that being said, I can’t imagine doing anything else. I LOVE what I do, even on the worst of days, and I would never be satisfied with a different job or life path. I was literally born a nurse. ❤️

I do not think nurse's make great money at all especially in my area. All the stress and requirements of the job are not worth the money paid. At least in my area is there is availability of jobs due to very high turn over rates.

"Decent" money does not = "big money".

"Pretty good" money does not = "big money."

Making six figures in many places requires lots of overtime and/or working the least desired shifts. It can be done, and depending on the geographical area, can provide a "nice" income, better than many other jobs that require only 2 years of college. In high COL of living areas, the "nice" income isn't really so nice, yet again, in comparison with other jobs that don't require more than an associates degree, as good as that person will be able to get.

But in none of those scenarios does a nursing salary pay "big money." People who see low six figures as "big money" have obviously never observed what people who truly do make big money bring in.

Specializes in Cardiac Telemetry.

I do pretty well for myself, but sometimes I wonder if the salary is worth the stress. I work in a unit that has a pretty sick population and is EXTREMELY micromanaged, it is notorious for having a high turnover rate.

The whole hospital pays the same rate for all floors and been looking into going into a less stressful area.

Recently the union renegotiated our contracts and currently making 107K yearly with benefits with 2.5 years experience.