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...

 

I was on medicaid and food stamps for a short time. I knew i needed to improve my life (and i felt guilty for recieving assistance, even though i truly needed it). So i sign up for nursing school, bc i always wanted to, and my being in school actually DISQUALIFIED me from my food stamps. So basically, what that told me was that if i stayed at home unemployed, doing nothing, i could receive benefits. But the second i try to better my life, im no longer eligible. I think thats sad, & thankfully i wanted better for myself. I think people should qualify while attending school & receiving great grades. We are more likely to give back to society when were working and paying taxes. All that said, i am very thankful for that short time in life where i needed help and medical benefits. I dnt know how i wouldve made it without that help & i can never begrudge someone for seeking help. But i believe there should be some sort of limit, or incentive to figure out a way to support ourselves asap. I am so proud of myself for being able to support myself, and i think in this day and age, if you can pay your bills- your successful & making enough. We may not always have money for extras, but we have enough for basics, and opportunities to earn more. Many people cannot pay that basic rent/mortgage. So IMO, just being able to afford that means we are doing OK. Never be "rich", but being able to maintain a life is enough for me. Damn shame though that they could cancel benefits bc you enroll in school. No wonder some people choose to stay at home on the couch..

You must not know a lot of highly educated folks who have liberal arts degrees. As a new grad nurse, I'm out-earning my mother who has a Masters degree and has been teaching for 35 years in private schools. We make decent money. Are we a top earning career? No. But despite the current economy we still have a great deal more stability, flexibility, and employability than many professionals who out-earn us. And those folks who out earn us often have larger educational debt and also pay more in taxes.

If Carla spends a couple hundred thousand on law school, she'll wind up paying several hundred a month in loan repayments, will have to pay her dues for years of 60 hr weeks...if she can get a job at a private law firm. If she winds up in the public sector she'll be paying big lawyer loans back on a pretty modest salary.

OK, I don't know where you live, by no way most new grads that live in my tri-state area, which is really a high population, high tax area--are out earning teachers in public schools with Master's degrees--especially those that are nearer to retirement. Now, I grant you that private school for secondary and under secondary, that's a whole other deal. Those people are saints, period.

As far as nursing for stability, flexibility, and "employability, " well, tell that to new BSNs and other new grads as well as RNs with experience that aren't getting jobs.

Also, plenty of nurses will attest to the fact that nursing often deals with highly capricious personalities, which can put nurses out of work in no time. I have lived to see that for quite a number of nurses. There is little stability for nurses--and it's only a tad better for those that are unionized. The ones that have the most flexibility and employability are those that work under independent contract--and even they can have it tough depending on whether they want to travel far or not--and depending upon how much they can tolerate the major dumping they get as they work in many hospitals.

People in nursing are not getting the jobs, salaries are pretty much frozen--and so is hiring for that matter, contributions to health insurance benefits are going up, as well as taxes--along with inflation, which means pretty much every darn thing you seek to purchase is going to skyrocket. Hyperinflation is pretty much guaranteed--and that will seriously limit the spending power of the average nurse--and well as most other folks.

You aren't talking with someone that has been in nursing for

Now, if you truly feel committed to doing this kind of work, b/c you love what you do as a nurse and love caring for people with all sorts of problems, that's another story. Like most of us, you end up putting up with a lot b/c you love what you do. I get that. But let's not make nursing about some sweet, promise land deal. It's not. It takes quite a toll on people, and in the end, the long-term compensation, at least financially speaking, sucks.

oh, sorry, you are right, that is not the one that students get. There is a tax break that some college students can get.

this EITC might be what so many many parents get each year?

those thousands of dollars in tax refunds that many to most single mom nurses get every April? (and some married parents, too)

honestly, i don't know what those $1,000s that parents get back are called, to tell you the truth. Guess it doesn't matter,

but, in your post about the single mom nurse, raising 3 kids,

NOT getting a tax refund,

made me think, "That Carla should have an accountant do her taxes, cuz, a single mom nurse raising 3 kids should get a tax refund of a few thousand dollars!! Most parents do!"

EITC is income based, too. A person who makes more than $44,000/year with 3 kids, can kiss that EITC goodbye. My grandmother always said if you're going to make any money, you better make alot of it. Most people who consider themselves middle class are actually lower middle class or working class poor. Romney told the truth when he said middle class is $100,000 a year.

I am only on page 17/22 so far so i am not sure how far tangent the conversation is. BUT why do people always compare nursing pay rates to things like plumbers, customer service rep, shipyard cleaners etc. instead of pt/ot, pharamcist, dental hygenist, respiratory therapist , accountant, paralegal etc .... yes pt and pharmacists have higher degrees than most nurses and deserve higher pay. instead we hear stories on be glad an asn pays so well when a masters in underwater basketweaving or 13th century iranian literature doesnt....

But honey it has always been that way for the most part.

Historically nursing has been sold as a "pick up and put down" career. That is a young girl could enter the profession after high school (via ADN,diploma or BSN) work for awhile then either leave or reduce her hours upon marriage and starting a family. Please don't laugh because this advice was given to my Med/Surg I nursing class as advice by our classroom instructor to her "girls", and this was in the 1980's.

Because of the above and or nurses simply fed up with conditions on the ground you had a decent steady stream of turn over, thus few nurses reached upper levels of their pay scales. Those who chose to remain usually went in to administration/management (head nurses, supervisors, DONs) and got their wage increases that way. All and all nothing was ever luxurious and many staff nurses retired after >30 years making only several to perhaps ten thousand more than when they were new grads. Evidence of this can be found in nursing homes and other elder care facilities where you'll often find nurses living out their retirements barely out of poverty. As usual the ones who never married and or didn't marry "well" have the worst of things because there isn't a second income to fall back upon.

A. First, though it's kind of laughable, I am honey to only one person. LOL I don't think it is you. ;)

2. That kind of turnaround is a factor, but I believe you are overstating it and its effect.

Z. I'm not kidding myself about nursing. I never did. My mother was a nurse, and she let me see a lot through her eyes. To a much greater degree than the average person, I went in with my eyes wide open.

I have no illusions about nursing in terms of financial growth, job stability, or really anything. Maybe that is part of why I lasted so long in it. I knew what it waswhen I went into it. I did the best I could to excel in practice, and now I face the future looking to move into other things. I have loved much of it; and I have detested a lot of the stupidity in it. What I resent for many nurses is the lack of compensation for their years of hard work and growth in the field as the moved into expert and didn't allow themselves to get totally beaten down by a field that, yes, tends to like to do just that to people.

I guess I want to see what nurses think about the stunted growth of income after being in the field for quite some time.
Yeah, as a nurse you may start out high but youndont go too much further. where i work any floor nurse caps out at $6 more and hour than me. so 30years and you arent making much more than a new grad
I am only on page 17/22 so far so i am not sure how far tangent the conversation is. BUT why do people always compare nursing pay rates to things like plumbers, customer service rep, shipyard cleaners etc. instead of pt/ot, pharamcist, dental hygenist, respiratory therapist , accountant, paralegal etc .... yes pt and pharmacists have higher degrees than most nurses and deserve higher pay. instead we hear stories on be glad an asn pays so well when a masters in underwater basketweaving or 13th century iranian literature doesnt....

Yes, the typical comparisons are very telling indeed.

Yeah, as a nurse you may start out high but youndont go too much further. where i work any floor nurse caps out at $6 more and hour than me. so 30years and you arent making much more than a new grad

EXACTLY.

A. First, though it's kind of laughable, I am honey to only one person. LOL I don't think it is you. ;)

2. That kind of turnaround is a factor, but I believe you are overstating it and its effect.

Z. I'm not kidding myself about nursing. I never did. My mother was a nurse, and she let me see a lot through her eyes. To a much greater degree than the average person, I went in with my eyes wide open.

I have no illusions about nursing in terms of financial growth, job stability, or really anything. Maybe that is part of why I lasted so long in it. I knew what it waswhen I went into it. I did the best I could to excel in practice, and now I face the future looking to move into other things. I have loved much of it; and I have detested a lot of the stupidity in it. What I resent for many nurses is the lack of compensation for their years of hard work and growth in the field as the moved into expert and didn't allow themselves to get totally beaten down by a field that, yes, tends to like to do just that to people.

1. - Point taken, content edited.

2. & 3. Point one was trying to make is that historically nurses have not been largely compensated for their years of hard work, dedication and so forth; but then again that is par for the course in the "pink ghetto" of mainly female occupations/professions. Over stated or no, a large reason for this would be the often high turn over and the availablity of (cheap) female labour.

When you have high turnover it is very hard to make a stand as a profession. Couple this with the then and still often prevailing attitude that "nice girls" don't make trouble and you have a situation where nothing really changes.

As for my "pick up and drop" comment being possibly overstated, oh I don't know about that. During the recent financial crisis the supposed nursing shortage vanished as scores if not hundreds of experienced nurses returned to the bedside and or delayed leaving it. In some households were it not for the nurses going back to work their families would have been on the streets.

Specializes in CVICU.
Yeah, as a nurse you may start out high but youndont go too much further. where i work any floor nurse caps out at $6 more and hour than me. so 30years and you arent making much more than a new grad
As is any field that you don't excel in to bigger and better things. (Male or female) The money is out there...and the paths to it, are much greater than most fields.

I think people don't understand simple economics, when it comes to how profit and loss works.

Well, maybe the UNION factory workers for Twinkies do now, since they are out of jobs thinking they "deserved more" than could be afforded by the company paying them.

It is very simple..... to be worth more you have to excel, there can't be dozens more waiting to fill your shoes.

These are facts of life...complaining does nothing to fulfill your desire to make more money.

As is any field that you don't excel in to bigger and better things. (Male or female) The money is out there...and the paths to it, are much greater than most fields.I think people don't understand simple economics, when it comes to how profit and loss works.Well, maybe the UNION factory workers for Twinkies do now, since they are out of jobs thinking they "deserved more" than could be afforded by the company paying them.It is very simple..... to be worth more you have to excel, there can't be dozens more waiting to fill your shoes. These are facts of life...complaining does nothing to fulfill your desire to make more money.
all i am saying is a nurse with 30years of experience doesn't make much more than a new grad . well they should both be able to do the same job same knowledge (haha)so get paid the same. in floor nursing you wont get paid for being the best or excelling (maybe a ten cent raise more than the people you pick up messes from) but in some professions you can move up in pay alot more based on experience even though you are doing the same job. i am not saying my opinion,just what is.
As is any field that you don't excel in to bigger and better things. (Male or female) The money is out there...and the paths to it, are much greater than most fields.

I think people don't understand simple economics, when it comes to how profit and loss works.

Well, maybe the UNION factory workers for Twinkies do now, since they are out of jobs thinking they "deserved more" than could be afforded by the company paying them.

It is very simple..... to be worth more you have to excel, there can't be dozens more waiting to fill your shoes.

These are facts of life...complaining does nothing to fulfill your desire to make more money.

Just so you know the private equity frim that owns Hostess Brands doled out bonus and wage increases worth millions to executives all the time crying poor mouth to the unions. Indeed the same are in bankruptcy court seeking permission to dole out more to "critical" management as the company is raped and sold off to make a "profit", much of which will go to payoff the PE company/investors.

If times are so bad for a company then that pain should start at and be shared starting at the top.