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 CVICU.

[quote=PMFB-RN;7055694

*** That nurses wages are unlikely to increase in the forseable future is a fact. That we are fairly compensated is only your opinion.

Yes, everything can be subjective. You have a right to your opinion. Hell, I can't think of one job that I didn't think I deserved more money, especially more than my peers who were doing less work, but getting paid the same. Life does suck. Really...I truely do understand the life is in your hands thing. I do see the picture, just my views go beyond.

I do forsee wages dropping, as throughout the city here, beneifits are already being cut. It all about supply and demand. Why would you want to hear someone complain, when many others are eager to fill there shoes for less money.

Honestly, in this economic climate, it is best to keep your head down and your mouth shut, and continue to perform above and beyond. I know what it's like to watch everyone around you get laid off, and your the last one standing. Nurses' salaries are quite atractive to the masses. It is very common to mearly 1/4 of class having students working towards a ASN, while already having a Master' degree in other fields, and even much more with Bachelors

Specializes in CVICU.

Gonna point out the obvious once again..in the terms of subjectivity.

This thread was started with the question of "do you get tired of people saying nurses making big bucks?" The poster would have no reason the write anything up if the random people did not come up commenting on Nursing salaries.

So, subjectively, the majority of all people think nurses are fairly compesated. (which is what provoked the write up)

But you have nurses on the other hand claiming they are not.

Both are subjective views, but when you compare objectively, there is more of a definate answer.

And going back to trying to quantify it is going back to a subjective view. I agree life is very important, but people are going to die either way. Not causing death is of the utmost importance, but death is going to happen.

"Subjective" is a really cool word so that people can voice an opinion. And more often than not objectivity gets tossed to the side when people have biased views.

it makes me sick when people say nurses are rich. a nurse has to work @ least 2 jobs or multiple OT t make those big bucks and you still have to pay back taxes at the end of the year when uncle sam come for you. another thing that makes me especially angry is when men marry a woman because she is a nurse and asummes RN's make lots of dough.

Specializes in Critical Care at Level 1 trauma center.

I make no apologies for wanting to be a millionaire by the time I am 35. As a nurse you can get there making 70,000 a year, it just takes determination and drive! You need to be savvy when it comes to investing and willing to take a risk! I have two homes paid off; one worth 155,000 and the other worth 125,000 because I was willing to take a risk. I have poured everything I have into paying off the mortgages and renting out my properties for ~30,000 year. I don't mean to brag I am just talking about this because I want people to realize that you dont have to just be "middle class." Every house you buy and then subsequently pay off and then rent you exponentially increase your income. At this rate I will be able to pay off my third house in less than 3 years, my 4th house in less than 2 years, my 5th in less that 1.5, and my sixth in less than 1 year. After that you can pay off a 150,000 house in less that 1 year in cash NO MORTGAGE NEEDED!!!!

I love my patients and give everything I have to give them the best care possible. I just refuse to be average!!! you can do this too just stay focused and know what you want for your future. Don't spend your hard earned money on cars, clothes and going out! Make your money work for you and you will reap the rewards!!!

Specializes in burn ICU, SICU, ER, Trauma Rapid Response.
So, subjectively, the majority of all people think nurses are fairly compesated. (which is what provoked the write up)

*** What is the evidence that the "majority" of all people feel nurses are fairly compensated? Several people sharing experiences of members of the public expressing admiration for nurses pay is not evidence of what a "majority of all people" feel. I personaly have never experienced any random person commenting on nurses wages in public or private.

Very true...everyone is going to suffer dearly for other peoples poor choices.

Every great empire has fallen. It's a shame people hold on to the "it's going to be ok" attitude.

Meh. Its not so much about clinging to false illusions "Its going to be ok (regarding the economy)"

To me, I choose to have an optimistic attitude becasue of a couple reasons:

1. Noone KNOWS the future...it could end up all ok..so much of what you hear is speculation or best guesses.

2. So what if we are heading into a "great depression" type of scenario..not much that you or I can do to about it...being scared and miserable about the possible financial collapse is not going to change anything...so why not enjoy the good while you can?

3. Understand that if inflation goes crazy and even a loaf of bread costs 4000$ overnight...no amount of preparation is going to save you..what ever you managed to get in your bank account isnt going to go very far..but it happened before and people got through it..so will we.

Ehh. Sorry to single you out. So tired of the pervasive "Doom and Gloom" pessimistic attitude in this country....I believe that makes it worse.

Sure..we need to get our act together but thats a whooole other topic..as is this post..opps. :)

Specializes in CVICU.
Meh. Its not so much about clinging to false illusions "Its going to be ok (regarding the economy)"

To me, I choose to have an optimistic attitude becasue of a couple reasons:

1. Noone KNOWS the future...it could end up all ok..so much of what you hear is speculation or best guesses.

2. So what if we are heading into a "great depression" type of scenario..not much that you or I can do to about it...being scared and miserable about the possible financial collapse is not going to change anything...so why not enjoy the good while you can?

3. Understand that if inflation goes crazy and even a loaf of bread costs 4000$ overnight...no amount of preparation is going to save you..what ever you managed to get in your bank account isnt going to go very far..but it happened before and people got through it..so will we.

Ehh. Sorry to single you out. So tired of the pervasive "Doom and Gloom" pessimistic attitude in this country....I believe that makes it worse.

Sure..we need to get our act together but thats a whooole other topic..as is this post..opps. :)

No worries, and that's what I'm refering to... good example. :)

Specializes in CVICU.
*** What is the evidence that the "majority" of all people feel nurses are fairly compensated? Several people sharing experiences of members of the public expressing admiration for nurses pay is not evidence of what a "majority of all people" feel. I personaly have never experienced any random person commenting on nurses wages in public or private.

Nurses are a very small group of people. The middle class is majority.

But you got me...I would have to find soild numbers to prove this to you, and it will have to be considered subjective until I show you the evidence, huh? I thought common sense of the reasoning of the several people posting this and the huge move into schools, specfically nursing, would be enough to use deductive reasoning. (As I would think I don't need to show you the total numbers of Nurses versus the total number of "Middle class" here in America as evidence) I know you don't think all these people want to do it for anything less than the money...maybe a few.

And yes, people are starting their education in Nursing like it's going out of style. 5 new AsN programs opened up here in town in the least year, not counting the approx 10 that were already here. And the new schools filled quickly. Can't imagine what these people are going to be willing to do to land a job.

But your right I need solid evidence..you did get me.

And of coorifice you know I'm not going to spend the time to do this...touche

You are actually quite fun to go back and forth with.

I recall my last semester of nursing school and one classmate was talking about buying an "Escalade with a kicking sound system." I didn't have the heart to straighten her out. I think it all had to do with being young and naive.

Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
another thing that makes me especially angry is when men marry a woman because she is a nurse and asummes RN's make lots of dough.
I'm sure you've heard of the phrase: "Nothing's better than a nurse with the purse."

Yes, there are some small-minded men out there who prey on female nurses because they actually think our pockets are overflowing with cash.

I'm sure you've heard of the phrase: "Nothing's better than a nurse with the purse."

Yes, there are some small-minded men out there who prey on female nurses because they actually think our pockets are overflowing with cash.

I've never heard this phrase but it makes sense. I have met many nurses who have been taken advantage of because of the so called dollar signs. I went out on a date with a guy who kept asking me about my work hours and even asked how much I made! Needless to say there was no date number 2. I kept asking him what he did for a living and he gave me a vague answer saying he was a professional student but didn't tell me what he was going to school for. So yeah he met the wrong nurse.

I make a decent living but boy oh boy do I have to work hard to make that living being a floor nurse. I have arthritis and back problems already and I'm in my 30's. So the so called lots of dough we make I can not enjoy because I'm so tired on my off days.

Specializes in Peds Hem, Onc, Med/Surg.

I have less money now than I did working at the public library. I miss working there to boot!

Like my friend says the more you make, the more you spend.

Nurses don't make what they deserve to be making.