Tooth Fairy more generous this year, survey says
Although more than a third of children receive a dollar per tooth, a Visa survey found that the average is up to $3.70 per tooth, up 23% from last year.
How much does the Tooth Fairy leave under the pillow at your house? Do you ever wonder if your kid gets less than others or if, perhaps, the fairy is overly generous when a tooth falls out under your roof?
For the 36% of Americans whose kids get a dollar per tooth, there are a lot of kids out there who are getting a whole lot more -- pushing the national average to $3.70 a tooth, an increase of 23% over the $3 average recorded last year, according to a survey conducted on behalf of Visa.
Visa offers a free app on iTunes and Facebook that lets parents put in some demographic information to see what other people's children receive, on average, when a tooth falls out. It turns out there are some variables, including geography and the age of the parents.
If you're a kid living in the Northeast, chances are the Tooth Fairy is going to be more generous to you than to kids living elsewhere in the country, according to the survey.
Here are the regional breakdowns per tooth:
- Northeast average: $4.10
- West: $3.70
- South: $3.60
- Midwest: $3.30
The survey found that 10% of kids are getting $5 per tooth. Visa said that's triple the number reported in 2011, indicating significant inflation in teeth rewards. A lot of kids get even more. About 6% reported tooth fairy payouts of $20 a tooth and an additional 2% reported $50 a tooth.
A far larger number of kids have encountered a more frugal fairy. More than one-third of kids get $1 per tooth (or less), the survey found.
For some reason, the younger the parent, the more generous the Tooth Fairy. In the 18-to-24-year-old group of parents, the average was $5, Visa found.
Visa puts out the Tooth Fairy information annually as part of its "Money Skills for Life" financial education program.
"The Tooth Fairy is throwing money around like pixie dust," Nat Sillin, Visa’s head of U.S. Financial Education, said. "While more money is exciting news for children, parents should take this opportunity to talk saving and smart money habits with their kids and have the same talk with a perhaps overgenerous Tooth Fairy."
Visa's survey results came from telephone interviews conducted in July with about 3,000 people nationwide. About 10% reported the Tooth Fairy does not stop by after a tooth falls out.
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As a dental assistant I made sure the tooth fairy stopped by.I think I gave $50 cents per tooth. I would take glue and write my sons name on an envelope and add glitter to the glue and let it dry. I lead a trail of glitter from the window to his bed.Each time I made his name on the envelope different such as his name in small sticker stars. My mom was cheap, I only got a dime.
from parents who pinch pennies and throw away the dollars, right to the little prince or princess who don't have a clue to the value of money!
These parents should be horse whipped.
My son received 10.00 bucks for his very first tooth lost - So did my daughter .. the second tooth was
was 5.00 for for both of them after that -- for every tooth they lost is was 3.00 .. they were able to save their money and buy themselves what they wanted..
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