The Tooth Fairy doles out more generous sums of money to meet the rising inflation costs of today, Reuters reports Aug. 30. The national average currently pays at $3.70 per tooth, which is up 42 percent from two years ago. That finding was learned from a study Visa conducted. That equates to $74 for a full set of 20 baby teeth over time.
There have been some kids getting $3, $5, and $10 from the Tooth Fairy whenever they lost one of their teeth. Those amounts are more common than some that were conducted in the Visa survey.
Visa's senior director of global financial education, Jason Alderman, believes the reason for Tooth Fairy inflation has to do with a combination of things. He said it's a reflection of an improving economy and parents feel they can be more generous. Another factor is "parental angst" because it's hard to say no to our kids.
It was noted in the report that about 6 percent of parents are leaving more than $20 a tooth while 2 percent pay out out $50 each from the Tooth Fairy. This is definitely an over-indulgence from the Tooth Fairy. There's some irrational thinking that being generous in the Tooth Fairy's name may alleviate other issues. This could also result in a sense of entitlement for children who later arrive at unrealistic expectations.
Inflation even impacts the Tooth Fairy, but how much is too much when giving kids a special gift for losing a tooth?