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 Emergency, Trauma, Critical Care.

Definitely depends on location. I'm at 130k working 64 hours in 2 weeks (4 8s on swing shift). I can pay the bills, little savings and have enough to save for a small vacay yearly. Not rolling in the dough, but we do have the luxury of my husband staying at home. So huge advantage.

Specializes in Case mgmt., rehab, (CRRN), LTC & psych.
You sound a little bitter, jealous, or both.
Although I am pleased my older thread was resurrected from seemingly nowhere, I think the poster wanted to throw the rock into the crowd of nurses to enjoy whatever reaction that arose.

The only message that I got from this article is that children are expensive. :p

The only message that I got from this article is that children are expensive. :p

You got that right!!!

No one in the UK has ever said nurses are rolling in dough :/ Average salary for a RN here is around 23-27 grand which is about 40-48 thousand dollars. Some nurses will never earn above that kind of money. In America nursing is considered quite a middle class career, in the UK it's still a bit of a working class profession. I guess it depends on where you live and what your definition of well paid is. I wouldn't say nursing here is well paid, in fact it's extremely poorly paid, but I can make a living with what I get. I'm happy I have no dependents otherwise I would have to consider a different career

I agree it depends on where you live and your definition of "rolling in dough." I make enough for one person to support a family through high school as long as there are no great needs out of the ordinary, but my income would not pay for college. My personal situation is such that I support a son with extraordinary medical needs and a granddaughter, so I need to work OT to provide for everything and have no retirement savings.

If looking only at the amount of yearly income for the average nurse, then nurses make a somewhat above average income in my opinion, but are certainly not "rolling in the dough" since that implies to me a well above average income that would allow for a nice house, 2 nice cars, college for at least 2 kids, and retirement savings for both parents.

If you consider the knowledge that a nurse must have to do the job well, along with the responsibility, accountability, and personal risk that comes with the job for most nurses, then they do NOT get paid enough!

It may be "big money" for those who have tax write offs, such as a home for example. I can't look at the breakdown of my paystub without feeling a little helpless. Wishing that i hadn't spent so much on an RN education.

I do believe that some nurses can earn big money......I have been nursing for About 14 years and I make without overtime 90k a year working in long term care

Specializes in Trauma ICU.

Do nurses make big money? No. That's not to say that I don't feel that I take home a pretty decent paycheck. That being said I am married with a spouse who makes a little more than I do and no kids so we are pretty darned comfortable. If you are like me, or single with few expenses a nurses salary can go a decent way. But in no way am I rolling in the dough! I also work long stressful nights, have no guaranteed holidays or weekends and am often in some situations that can be dangerous (needle sticks, violent patients, communicable diseases, etc). Overall I feel like nurses are paid adequately, but by no means do we make big money.

Earning big money is very subjective, now that I'm working as a new nurse I would say that nurses do not earn big money. I feel very sad for those who have taken out big loans for a nursing degree because they're in for a rude awakening.

Specializes in OR, Nursing Professional Development.
johsonmichelle said:
Earning big money is very subjective, now that I'm working as a new nurse I would say that nurses do not earn big money. I feel very sad for those who have taken out big loans for a nursing degree because they're in for a rude awakening.

Yep. I always tell those who ask that it would not be wise to take out more in loans than they can realistically expect to make in a year. And sometimes, even that doesn't work out- I've had so many hours cut lately that I'm struggling to make ends meet because I don't have the PTO to cover the low census hours.

Rose_Queen said:
Yep. I always tell those who ask that it would not be wise to take out more in loans than they can realistically expect to make in a year. And sometimes, even that doesn't work out- I've had so many hours cut lately that I'm struggling to make ends meet because I don't have the PTO to cover the low census hours.

I have the opposite problem, they already want me to start picking up overtime. I work for a ltc that is very very short staffed, it daily struggle for them to staff the facility each shift. I would rather not pick overtime because I won't see a real financial benefit since I work 40 hours a week and it would just go to taxes . Plus it seems like I'm making less money working at ltc than I would working at hospital.