Going rates for cash from the Tooth Fairy rising sharply
If you’ve got kids with loose teeth, better stash away some Tooth Fairy cash now.
According to the Boston Herald, kids this year are getting an average of $3.70 per lost tooth, a 23 percent jump over last year’s rate of $3 a tooth. That information came from a new survey by payment processor Visa Inc., released Friday. That’s a 42 percent spike from the $2.60 per tooth that the Tooth Fairy gave in 2011.
Part of the reason for the sharp increase: Parents don’t want their kids to be the ones at the playground who received the lowest amount.
“A kid who got a quarter would wonder why their tooth was worth less than the kid who got $5,” said Kit Yarrow, a consumer psychologist and professor at Golden Gate University told the Herald.