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The Tooth Fairy Ups The Price For a Tooth 23% From Last Year [POLL]

Dave Dugdale/Flickr

Inflation has the Tooth Fairy going bankrupt!  The amount she leaves kids this year is up 23% from last year and it’s all because the parents don’t want to look cheap to other parents! Yep, it’s all about keeping up with the Joneses!According to an annual survey by Visa:

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, according to 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 rise: 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,” says Kit Yarrow, a consumer psychologist and professor at Golden Gate University.

Really? I personally don’t remember comparing Tooth Fairy prices when I was a kid. Maybe, I just lost my teeth in the summer?

Of course times have changed so, it you need a little help figuring out how much the Tooth Fairy should leave your child…there’s an app for that! Tooth Fairy Calculator Facebook App.

via Tooth Fairy inflation: Price of a tooth nears $4.

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