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

Updated:  

  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...

 

My family of 5 lived on about $36,000/year, prior to my husbands promotion, and me finishing nursing school. We had no credit cards and drove used cars (still do). We sometimes had to juggle bills around, we certainly went w/o a lot of extras, but we made it.

One of my best friends has a husband who made $98,000 last year. And her family of 5 struggles to buy food every week.

I have never understood how that can be.

The answer to that would be financial irresponsibility...

It is annoying when the comment comes from ignorance and jealousy. Especially from those who think i just hand out pills to walkie talkies. If it is so great than they can go do it. I have a few people like that in my life. I told them to go he a cna since in some metro areas they can make pretty good money and it offers some view into nursing. I was told , everytime, something about how they couldnt do a job like that ("ewww it is gross, changing diapers!"). Well then stop hating on my paycheck and designer purses and clothes. lol

Specializes in geriatrics.

I'm a second career nurse. Prior to nursing, I made 45,000/ year. I've also made and lived on much less than this. Currently, I make over 80,000 working full time. Yes, I am paid very well, AND I am very appreciative of my salary. However, I make no apologies for what I make. I earn every cent. Furthermore, "big bucks" is relative. I wouldn't consider 80 grand "big bucks". Certainly, I'm comfortable, but the cost of living is high. More importantly, it's not how much you make that counts. Understanding how to manage your money is the key. I have friends with no children who make 80+ a year, and they're always broke. Go figure.

My mom has been single for the past 8 years and never made more than 25,000 a year and has raised 3 kids/teenagers(not on food stamps, doesn't qualify for medicaid.) She bought each of us a used care when we were 16 with her tax refunds and always provided us with whatever we needed. She's about 10,000 dollars in debt, if she had been making 50,000 or even 40,000 a year through out that time she would have no debt and i'm sure even money saved. If you live frugally it is possible. We live in Utah where the cost of living isn't necessarily high, if she made as much as a nurse (by no means is it "big bucks") she would be much better off.

Specializes in PICU, NICU, L&D, Public Health, Hospice.
You're right, but I believe you may have taken some comments the wrong way. I'm pretty vocal about these things-you should listen to me in "Real life" lol. But sometimes I'm taken as being a little cold hearted so let me clarify a bit. I don't despise, nor would I imagine that any of the other "Negative" posters despise people who need help. What I do despise is the amount of help some people get, if that makes sense. I have people in my own family who've been on government assistance all of their lives (Not exaggerating in the least here, either) and, because they are used to it, well they're used to it. They do the minimal legwork necessary to stay on it, trying not to work. I can even give an example of one in particular that, whenever she gets board of the free section 8 housing she's living in, she checks into other "nicer" housings that offer section 8 acceptance. This woman was actually telling me the "Good news" that she was getting a new house, as the 2 bedroom apartment that she was living in "sucked" (it is actually a pretty decent apartment, btw). I couldn't believe it!!!!! She is about to move into a 4 bedroom HOUSE that is actually a bit nicer than the 4 bedroom house that I'm renting for $1500.00 a month. On section 8's dime!!! And the thing is, she's one of many. One of SO SO many. I know a lot of people who want to be more "PC" would say something like "Well Jaime, that's just an extreme case. Normally people just take assistance until they can get themselves on their feet." I'm here to tell them that is the other way around! It's actually normal for people to take advantage of the system as long as they can (once they get on it, anyway), and then hustle at the last minute when they are threatened with their benefits ending.

I'm all for giving a helping hand when needed, but not a helping hand that is so good that they live a middle class lifestyle on the tax payers dime while doing nothing.

My bold and italic.

I had a family member like that. The family spoke to her...let her know that it was NOT OKAY. Some of us helped her with job skills, resumes, transportation, etc. She got off her orifice and got productive.

The system is there for people who need it. Some people will always abuse it. In my thinking, that does not mean that we should treat all persons receiving aid as cheats and consider cutting the safety net for many because of the bad actions of the few.

Specializes in Med/surg, Quality & Risk.
Certainly views of big money differ from person to person. Unfortunately most nurses duo think they are rolling in cash. Lol i remember as soon as we graduated most of my colleagues bought luxury cars worth $50000 or more. Well years later they are still paying plus the kids came plus the house....then its no longer big money. Just live according to your means you will be fine...;-)

Thhhhhhhhhis! I hated to see the 22 year olds go out and get their brand new SUV's and have some construction company build them a brand new McMansion for them and their not-yet-graduated-from-college new hubby. Can't they learn from others' mistakes? (Oh well I guess I never did either.)

Specializes in Emergency/Cath Lab.

I dont live pay check to paycheck anymore. I do have a new car, but I amke payments on it. My credit cards are almost all paid off. I consider that enough money.

I wouldnt mind making BIG money though.

Specializes in Pediatrics.

I am doing my prereqs now maintaing A's and B's. I knew before I started theses prereqs that the money wouldn't be bookoo dollars. I am doing this because helping people is my passion and I love science and medicine. Unfortunately I get assistance and I have two part time jobs and a two year old. I had to move back home. I shop for MY clothes at thrift stores trying to save every penny of what is left of my paycheck and financial aid after I pay bills and rent. I do this because I know I will need the financial support in the long run. If only everyone else didn't squander away their full financial aid.My goal isn't a fancy car or a big house but to have a stable career that I will for the most part I know I will enjoy. I talk about this all the time with my classmates, if your in it for the big bucks choose another career. And when the time comes I will get cut off from my assistance. But I am grateful for the assistance I get. Without it I wouldn't be able to go to school because no one would be able to watch my lil one during the day. And this is coming from a person who despised public welfare most of my life till I was faced with needing it. There are definitely two sides to Carla's story and Commuter told it pretty well. And kudo's to all of the hard working nurses and nursing students out there for choosing nursing as their career.

Specializes in Med/surg, Quality & Risk.

Not to mention, yeah we all make big bucks unless and until the door is slammed in our faces by layoffs, downsizing, being topped out and easily replaced by new grads, what have you. There is no option to be stagnant. You had better be trying to expand your skill set, or at least doing a dern good job of pretending to do so, or you will be first on the chopping block.

I do admit, that extra 50 cents an hour they pay me to be responsible for the whole floor full of patients and what each nurse might be doing or not doing to said patients, and telling me or not telling me about their worsening condition while they're documenting "charge nurse aware...." that extra 6 bucks comes in quite handy when paying for my lunch every day. Or a Starbucks. Yes, I am rolling in the dough.

My bold and italic.

I had a family member like that. The family spoke to her...let her know that it was NOT OKAY. Some of us helped her with job skills, resumes, transportation, etc. She got off her orifice and got productive.

The system is there for people who need it. Some people will always abuse it. In my thinking, that does not mean that we should treat all persons receiving aid as cheats and consider cutting the safety net for many because of the bad actions of the few.

It's not just a few though, tewdles...

I've personally known dozens of people who abuse the system. Most are even under the impression that they are "entitled" to it-their words, not mine. About a week and a half ago, I asked one of them how it is fair for taxpayers to work their a** off to live the same life that you live for free, plus work hard enough for you to live that way? You know what his answer was "Well, they made the money here, why can't they help the rest of us?" That is what happens when someone gets too much help. And it is not just a few tewdles. Please reread my post that you quoted...

Your friend is the exception, not the rule.

I am doing my prereqs now maintaing A's and B's. I knew before I started theses prereqs that the money wouldn't be bookoo dollars. I am doing this because helping people is my passion and I love science and medicine. Unfortunately I get assistance and I have two part time jobs and a two year old. I had to move back home. I shop for MY clothes at thrift stores trying to save every penny of what is left of my paycheck and financial aid after I pay bills and rent. I do this because I know I will need the financial support in the long run. If only everyone else didn't squander away their full financial aid.My goal isn't a fancy car or a big house but to have a stable career that I will for the most part I know I will enjoy. I talk about this all the time with my classmates, if your in it for the big bucks choose another career. And when the time comes I will get cut off from my assistance. But I am grateful for the assistance I get. Without it I wouldn't be able to go to school because no one would be able to watch my lil one during the day. And this is coming from a person who despised public welfare most of my life till I was faced with needing it. There are definitely two sides to Carla's story and Commuter told it pretty well. And kudo's to all of the hard working nurses and nursing students out there for choosing nursing as their career.

You see, this is what I don't have a problem with! It is the irresponsible ones who abuse the systems I refer too.

Good luck, Beauty.

Sure i'm gonna get hate for this, but here's my thoughts.

I have been an shipyard worker, worked for years in construction, and run my own business for many years.

And for the benifits nurses get...I consider them fairly compesated.

I seem to hear alot of complaining about how hard the job of a nurse is, and I agree I don't fully know yet, but it can't be harder than a much more phsyically demanding job, that also requires heavily dealing with customers. I only have my wife to gauge how tough it is, beacuse she has worked along side me, as well as being a RN for the past 2 years, (she works in the ER now) And she feels as though nurses tend to complain more than is necessary about how tough their jobs are, especailly since they are fairly compesated.

Now i still need to take the Nclex-RN and pass, but I highly doubt is going to make me want to go back to Sandblasting steel ships in 100+ degree weather, filthly to the point of being black from dust, for LESS MONEY.

Thing is if you think you have it bad....someone else has it worse.

Everyone thinks they should be paid more...

BTW, I have made $65k a year without a high school dipolma...working 80+ a week. So I know all the factors, of taxes. And I wouldn't ask for a handout making $10 an hour.

I have never thought it was quite proper for people who handle human lives to be paid less than plumbers, for example. I appreciate plumbers, I'm only using them as an example, there are many other examples I could have used. They work in the "hard and dirty" category a lot, but I don't quite understand our societal values.

Sports figures, actors, millions. Then there are nurses. Go figure.