Chefs, Nannies, and Household Help: The Labor Behind Affluent Life
About 2.2 million people work in private homes in the US. At the top, household help is a six-figure profession; at the bottom, a workforce the FLSA only partially covers.
About 2.2 million people work in private homes in the US. At the top, household help is a six-figure profession; at the bottom, a workforce the FLSA only partially covers.
Top estate managers now run $300K. Full UHNW household payroll can clear $10M a year. How wealthy households actually staff up â and what each band pays.
Owning a $10M estate consumes $300Kâ$500K per year. The carrying-cost reality of luxury homes, plus the broken insurance market in fire and hurricane zones.