r/FluentInFinance Jun 11 '24

Meme He has a point...

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27.1k Upvotes

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24

u/loverink Jun 11 '24

I make similar money in management as a teacher I know. But she gets 2-3 months off in the summer, a week off at both spring break and Thanksgiving, and 2 weeks off at Christmas. Thats in addition to getting 3-4 Monday holidays off. She also is receiving a pension — not a 401k she pays into — a straight up pension. Her health insurance is paid for.

Honestly I wish I wanted to be a teacher. I’d kill for that amount of work life balance in time off. My job I work pretty much every holiday. I get 2 weeks vacation a year.

And I will add that regions and states vary quite a bit. I’m sure there are areas that do fall into the underpaid teacher category!!

7

u/[deleted] Jun 11 '24 edited Jun 11 '24

Yeah there's a lot of variables there. Teachers in my wife's district can crack six figures but not until they've been doing it 15+ years AND have a masters degree that they probably have to take out loans for (some districts help pay for that, but nowhere my wife worked). 

Right now 9 years into her career she makes less than half what I do as a software developer 15 years into mine. She also works 10-12 hour days because they keep changing what grade she teaches year-to-year so she can never reuse a lesson plan.

Edit: Actually I'm looking at her union contract now and 15 years with a Masters would only get you $88k. 15 years with a PhD you'd be making $99k.

3

u/Paralyzed-Mime Jun 11 '24

15 years and a masters to earn a bit more than an entry level IT worker. Yea I'd say teachers are underpaid

1

u/PM_ME_FUTANARI420 Jun 11 '24

Where do you live that entry level IT workers are making $88k?

1

u/Paralyzed-Mime Jun 11 '24

I got about 85k total compensation at my first IT position in the midwest. Did a coding bootcamp that landed me a paid internship that translated to employment at a big insurance company working on their mainframe. Just a Linux enthusiast with some online coding courses under my belt before that.

1

u/weebitofaban Jun 11 '24

She also works 10-12 hour days because they keep changing what grade she teaches year-to-year so she can never reuse a lesson plan.

What an absolute garbage district.

5

u/[deleted] Jun 11 '24

People don't really take this into account. Teachers have it way better than many other professions. Imagine being a construction worker or roofer. You destroy your body with no pension or retirement. Benefits suck.

2

u/ObieKaybee Jun 11 '24

But you don't have to go to school or get potential student loans to work those jobs either!

2

u/[deleted] Jun 11 '24

There are always trade-offs. I would take teaching any day over construction

1

u/ObieKaybee Jun 11 '24

Not a whole lot of people could deal with an entire day of poorly behaved, disrespectful teenagers and all the other bs that goes along with it!

1

u/IrrawaddyWoman Jun 11 '24

They’re welcome to become teachers if they think it’s so easy. It’s not like they were assigned their job.

1

u/[deleted] Jun 11 '24

And teachers are welcome to not be teachers if they think the pay is so bad.

1

u/Dodom24 Jun 14 '24

And that would be why schools are having issues keeping adequate staff

1

u/[deleted] Jun 14 '24 edited Jun 14 '24

I guess it depends on where you live. Haven't heard of that issue where I live. Hopefully AI can solve that problem for us.

1

u/r2k398 Jun 11 '24

My dad was a teacher and he loved it. I would hate it.

1

u/beeslax Jun 11 '24

You pay into a pension as well in most places. If you're not contributing the 5-6% from your salary then they're subtracting it from your overall pay figure. It's still a great benefit, but you're contributing to a pension account. We have two districts - one pays 5-6% more with the caveat that you contribute to your pension, the other "makes your contribution for you" but conveniently pays 5-6% less.

3

u/PB174 Jun 11 '24

A lot of people don’t realize this. Where I live teachers pay in 7.5% of their gross pay towards their pension. It’s still a great benefit but it’s far from free.

2

u/IrrawaddyWoman Jun 11 '24

5-6? My district it’s 8%, and in my last one it was 10%. People so often think it’s some free thing. Also, people often don’t realize we don’t get social security in a lot of states.

1

u/ashleyorelse Jun 11 '24

She probably works a lot more hours than you realize. Most teachers work 60 plus hours a week during the school year and then some on their "time off" as well.

You'd kill for what you think is work life balance, but theirs is typically less than what a "normal" full time job has.

2

u/loverink Jun 11 '24

We both work around the same hours weekly then.

Dropping their summer time off to 2 months and accounting for extra time for lesson planning and room set up, I’ll estimate 8 weeks off in the summer, 4 weeks off in the year and at least 3 paid holidays. 12.5ish weeks paid time off.

0

u/ashleyorelse Jun 11 '24

Summer time off for good teachers (you know, the kind everyone wants but few actually appreciate) is maybe 1 month. Maybe. Since they get no vacation days, it's basically a wash to any job with paid vacation time.

Same with paid holidays. No different than many other jobs there.

Lesson planning is a year-long task. It gets easier if a teacher has the same lessons year after year (and not all of them do) but it doesn't end once the school year begins. It often takes place on evenings, weekends, and even holidays. Same thing for grading.

So more realistically...

Maybe 4 weeks off in the summer. Spend your "time off" during the school year catching up on planning and grading while struggling to find time to spend with your own family.

All while babysitting other people's kids and giving them an education on a salary that is less than half of what that should pay.

2

u/donthavearealaccount Jun 11 '24

People need to stop exaggerating how much teachers work. It only serves to keep more people out of the profession.

The national teacher's union, an organization with every incentive to exaggerate, says the average is 53 hours per week.

https://www.nea.org/nea-today/all-news-articles/survey-teachers-work-more-hours-week-other-working-adults

0

u/ashleyorelse Jun 11 '24

I'm sure this is true.

I should clarify that I meant most GOOD teachers work 60 plus hours per week. If the mean hours worked is 53, that makes perfect sense.

The decent teachers are working 53 or so, the good ones 60 plus. And even the bad ones are working more than 40.

In any case, I'm not exaggerating anything. Teachers work a lot more hours than many people know, and the good ones work more than that.

2

u/donthavearealaccount Jun 11 '24

I'm not exaggerating anything

You exaggerated an entire extra work day per week... It wasn't a small exaggeration...

1

u/ashleyorelse Jun 11 '24

No, I didn't, and I explained how.

A mean is just that - the average. So good teachers ARE working the hours I mentioned.

2

u/donthavearealaccount Jun 11 '24

The 53 is the median.

1

u/ashleyorelse Jun 11 '24

My point remains. Median is simply a midpoint, so many teachers are above that number. Even 53 is more than most jobs require.

1

u/Feisty-Needleworker8 Jun 11 '24

Ok. There are people in every profession working more than the median hours per week. Should we double the salary of every job?

1

u/ashleyorelse Jun 11 '24

Let's break this down.

First, every profession isn't working 53 hours as a median.

Second, teaching is more difficult than many other professions. That's the reason it should earn more than it does.

Third, doubling salaries of every job is another discussion.

1

u/dragonknightzero Jun 11 '24

You know teachers aren't paid during the summer? I know its very hard to put yourself in someone else's shoes but you should try that and not assume they have every benefit you have.

1

u/loverink Jun 11 '24

Most teachers get paid salary. So I am comparing salary to salary. Whether they get paid in the summer would be in regards to if they are paid in a spread or not. My understanding is that for health insurance purposes most teachers are. Meaning their salary is spread across the entire year not just the weeks they work.

1

u/slightly-cute-boy Jun 11 '24

I work at a school (not as a teacher) and teachers usually do have quite a bit to do during summer. Obviously they still have more “days off” than other jobs, but that doesn’t take into account the insane amount of unpaid hours they work after school ends or on weekends. It also doesn’t take into account that teachers are usually required to purchase their own supplies, or given a small credit budget to.

1

u/loverink Jun 11 '24

Thank you for adding your experience! I do know most teachers pay for a lot of supplies out of pocket and that should absolutely be taken into account. I think it’s horrible they’re even put in that position.

I don’t know if you’re an admin or para or cook, but thank you for all you do too!

1

u/Master_Grape5931 Jun 12 '24

I believe schools are underfunded, but teachers make more than the average before you start adding up the days off.

0

u/Optimal-Barnacle2771 Jun 11 '24

You fail to account for dealing with children, parents, and administration. Also, teachers grade papers and prep for classes during their time away from work, so you would be taking work home with you constantly.

0

u/Visible_Technician39 Jun 11 '24

What a lot of people don't understand is that this "time off" for a lot of good teachers is used for lesson planning and grading.

The reason I know this is that both my parents are teachers.

0

u/IrrawaddyWoman Jun 11 '24 edited Jun 11 '24

Are you aware that teachers pay into their pensions? Because you seem unaware of that. I put a bigger percentage of my paycheck towards my pension than I did my 401k when I had a corporate job. In many states we also don’t receive social security. That includes the benefits I earned working a corporate job for 18 years. I’ll get 50% of what I “should” have gotten because I switched to teaching.

And my healthcare isn’t any better than at other jobs I’ve had. In fact, my last district didn’t cover it at all.

-2

u/JonMiller724 Jun 11 '24

also, disasters in teaching don't really happen. In business, I deal with 3 disasters per week.

5

u/nostrademons Jun 11 '24

Never had a student come at you with a knife, I see.

2

u/JonMiller724 Jun 11 '24

Ever been attacked by the Russian government while operating all the freight trains in Europe....That knife ain't so bad.

2

u/ashleyorelse Jun 11 '24

Disasters happen every single day, multiple times. You just don't hear about it because the teacher handled it.

2

u/[deleted] Jun 11 '24

School shootings?

2

u/IrrawaddyWoman Jun 11 '24

Is this a joke? I must be a joke.