Kids Stack Cash from Tooth Fairy, Parents Go Broke
It’s a sweet gesture parents have long shared with their little ones: a kid loses a tooth and gets a little money from the Tooth Fairy. But the Tooth Fairy has been giving out quite a bit of cash as of late, making us wonder a) where can we get in line and b) having parents really gone too far? NBC reports that even in these tough economic times, kids are making serious bank, some collecting as much as $50 per tooth.
Visa conducted a survey, finding that parents playing Tooth Fairy are leaving more and more money for baby teeth. In fact, they’re giving out 23 percent more in 2013, an average of $3.70 per tooth versus $3 the previous year. That means a kid can expect to rake in $74 for a full set of baby teeth. And then there’s that lucky 6 percent of kids that get $20 for a tooth.
The times are definitely changing. Five dollars for a tooth was a big deal as a kid (and I only got that the time the dentist pulled four molars a time). But $20 or even $50? It seems nuts. On the other hand, kids have some pretty expensive tastes these days, so a dollar or two isn’t really going to meet their hi-tech needs (unless they’re buying a new app for their smartphones). How much do you give your kids for every tooth they lose, or do you opt out altogether?