When the economy is struggling, it affects everyone — even the tooth fairy apparently. Yes people, even the tooth fairy is on a budget.
In the US this year, children have received an average of $3.40 per tooth, down from 8% from last year when kids were getting an average of $3.70 per tooth.
This information was found from a survey that was taken by Visa and reported in USA Today. However even though the price of a tooth has dropped in 2014, it has remained pretty stable in recent years despite the state of the economy:
Price of A Tooth (DailyMail):
2010: $3
2011: $2.60
2012: $3
2013: $3.70
2014: $3.30
Between 2011 and 2012, the price the tooth fairy was willing to pay for a tooth jumped 14%. It happened again between 2012 and 2013 when the price of a tooth increased by 23%.
According to USA Today, “Market specialists say that the amount of money the fairy leaves is a sign of our economic state of mind and consumer confidence.”
In 2013, when tooth inflation was at its peak, it wasn’t unusual for the tooth fairy to leave a child a $20 bill under their pillow. But this year, the tooth fairy is only leaving kids $20 at a rate of 4% — down 2% from last year.
Interestingly enough, the Visa survey found that dads are less careful about how much money they leave their children from the ‘tooth fairy’ while moms are more deliberate. “On average, fathers say the fairy left about $4.20. For moms, that price was about 45 lower, or about $2.90,” according to the Daily Mail.
Experts say it is a good thing parents are leaving their children less money from the tooth fairy. It’s excessive, and there’s no value in that. If anything, leaving your children less money teaches them the ‘value of a dollar’ lesson even more.
Dr. Mike Malone and his team practice expert cosmetic dentistry in Lafayette, LA. Dr. Malone is the former president and current accredited member of the American Academy of Cosmetic Dentistry. He is also the official Cosmetic Dentist of the Miss Louisiana USA and Miss Louisiana Teen USA pageants. Check out his website for more information.
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