According to insure.com, Santa Claus would make $139,924 this year. This is up 1.5 percent from last year.
The insurance website used Labor Department wage and hour data to calculate its estimate. Most of Santa’s salary comes from managing the North Pole toy factory and piloting the sleigh, which the survey determined would earn him the salaries of an industrial engineer and a pilot, respectively.
They also commissioned a survey to see how much people think Santa should make. A total of 29 percent say $1.8 billion, or $1 for each child on the planet under the age of 15. Another 29 percent said he should work for free, and the rest split the difference.
The survey polled 895 adults who said Santa visits their homes.
Marketplace is on a mission.
We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.
Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?