Wednesday, December 10, 2014

Santa Claus Wage Rate

From the Bureau of Labor Statistics:
Based on the average American's wages, Santa Claus would make about $140,000 a year.

That information comes from The Santa Index, a data set compiled annually. The group behind the index is called Insure, and they determine Santa's worth to figure out how much life insurance coverage he would need.

The index complies data from the Bureau of Labor Statistics for each job that Father Christmas does to determine how much he would make.

The majority of Santa's salary would come from running the workshop. By working 8 hours a day for 364 days a year as an industrial engineer, according to the Santa Index, Father Christmas would pull in somewhere around $115,000.

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