Pay Up, Tooth Fairy! The Going Rate for a Lost Tooth Has Risen

by William White | August 30, 2013 1:06 pm

Pay Up, Tooth Fairy! The Going Rate for a Lost Tooth Has Risen

coins pile 630 flickr Pay Up, Tooth Fairy! The Going Rate for a Lost Tooth Has Risen[1]A survey conducted by Visa (V[2]) shows that the Tooth Fairy is leaving kids an average of $74[3] for a full set of 20 baby teeth.

That’s $3.70 per tooth, which is up 23% as compared to last year and 42% from 2011. Some tooth fairies are leaving kids even more for their teeth. 6% of tooth fairies are leaving kids more than $20 a tooth and 2% are leaving at least $50 a tooth. Kids in the northeast part of the nation are making the most from their teeth at $4.10 per tooth on average. Parents 18 to 24 have the Tooth Fairy leave the most money for their kids, putting almost $5 underneath the child’s pillow. Visa has released a Tooth Fairy Calculator app to help parents keep up with the cost of teeth. The app will calculate how much should be left for a child based off of region, income, education, and age, reports The Chicago Tribune.

One reason that parents are paying kids more for their teeth is to match other parents.

‘‘A kid who got a quarter would wonder why their tooth was worth less than the kid who got $5,’’ Kit Yarrow, a consumer psychologist and professor at Golden Gate University, told boston.com[4].

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2011/07/coins_pile_630_flickr.jpg
  2. V: http://studio-5.financialcontent.com/investplace/quote?Symbol=V
  3. $74: http://www.chicagotribune.com/business/breaking/chi-tooth-fairy-amount-08302013,0,2553747.story
  4. boston.com: http://www.boston.com/business/news/2013/08/30/tooth-fairy-inflation-price-tooth-nears/r8ZJWWEBkWwyu1Sm1ZMMyL/story.html

Source URL: http://investorplace.com/2013/08/pay-up-tooth-fairy-the-going-rate-for-a-lost-tooth-has-risen/
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