
If you are of a "certain age," you may remember gently placing your lost baby tooth under the pillow and hoping the tooth fairy would come in the middle of the night and replace it with a dollar or 50 cents in my case. Well it seems those days are gone!
According to a survey by Visa, the national average is now $3.70 per tooth, up 42% in the last 2 years.
Tooth Fairy inflation is soaring, says
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Visa's director of global education. Alderman goes on to say this rise in rates is due to several things and names improving economy and parental guilt as the two main drivers. "It is hard for us to say 'no' to our kids" he adds.
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Neale Godfrey, chair of the Children's Financial network, agrees on the guilt aspect. They have seen that about 6 % of Tooth Fairy's are leaving more than $20 and 2 % are tipping the scales with a whopping $50 a tooth!
So while we can't counsel you on how much to suggest that your local tooth fairy slips under the pillow, when it comes to all things concerning children and their teeth, at Dr Mcgarry's office we are here for you!
To discuss any problems or questions, call us at 810-734-9426 and remember having regular dental exams saves you money- so you can be prepared for whatever the tooth fairy requires!