The Tooth Fairy Is Going Through Tough Financial Times
Tough financial times are hitting the tooth fairy.
When I was a kid and lost a tooth, I got a silver dollar.
My daughter would get $5 per tooth.
I've actually heard of some children getting $20. I thought $5 was bad.
How can the Tooth Fairy keep up with these drastic increases?
Well, it's not possible.
According to today.com,
"According to a new study by Delta Dental, kids received an average of $3.70 per lost tooth last year, down 43 cents from 2017."
The Tooth Fairy payout peaked in 2016 at $4.66. It has dropped every year since then.
Don't feel bad for the kids though, because they are still making money. 37% of parents give $5 per tooth. On Average, the first tooth receives $4.96. Plus, most of them aren't blowing the money. 48% save their earnings.
Overall, getting money from the tooth fairy is a good life lesson on the value of money.
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