NEW YORK — Days of finding a quarter under your pillow are long gone. The Tooth Fairy no longer leaves loose change.
Kids this year are getting an average of $3.70 per lost tooth, a 23 percent jump over last year’s rate of $3 a tooth, according to a new survey by payment processor Visa Inc., released Friday. That’s a 42 percent spike from the $2.60 per tooth that the Tooth Fairy gave in 2011.
Part of the reason for the sharp rise: Parents don’t want their kids to be the ones at the playground who received the lowest amount.
“A kid who got a quarter would wonder why their tooth was worth less than the kid who got $5,” says Kit Yarrow, a consumer psychologist and professor at Golden Gate University.
Visa also has a downloadable Tooth Fairy Calculator app that will give you an idea of how much parents in your age group, income bracket and education level are giving their kids, says Alderman. The calculator is also available on the Facebook apps page.
How much kids are getting from the Tooth Fairy depends on where they live. Kids in the Northeast are getting the most, according to the Visa study, at $4.10 per tooth. In the west and south, kids received $3.70 and $3.60 per tooth, respectively. Midwestern kids received the least, at $3.30 a tooth.http://www.azcentral.com/business/news/free/20130830tooth-fairy-inflation-price-tooth-nears.html
Interesting news to file away for never!