What does Your "Tooth Fairy" Pay? Is it Enough? Teri & Jim Talk about a New Survey during McGaw in the Morning

What does Your "Tooth Fairy" Pay? Is it Enough? Teri & Jim Talk about a New Survey during McGaw in the Morning

March 1, 2018
McGaw in the Morning

The Tooth Fairy isn't holding up her end of the deal, according to a new survey.

Jim and I talked about it during our McGaw in the Morning Show, and Jim recalls earning a quarter or two a tooth, while I remember earning up to $1.00. But I have a good explanation for making a little more, which you can hear at the audio link, below.

The survey shows the Tooth Fairy is still popular in the U.S, with 84% of families saying their home still gets a visit. And 73% of children answered they still believe in it, too. Delta Dental conducts this annual Tooth Fairy polling with parents and kids, between the ages of 6 and 12, when finding some cash under the pillow obviously still matters. Track the survey back to 1998, and the average payment was $1.30 per tooth. It's slowly increased each year through 2016. But the average payout fell 53 cents from 2016 to 2017, to $4.13, a drop of 11%.from the prior year.

Here's a few other highlights from the survey:

  • 14% of households where the Tooth Fairy didn't visit said affordability was a factor or that it put an unnecessary financial strain on the budget.
  • 46% reported that how much a child received was determined by “how much cash is on hand.”
  • 11% felt guilty that the Tooth Fairy couldn’t leave more.

Whether the Tooth Fairy taught other valuable economic lessons, there was disagreement. Of parents surveyed, only 17% said the Tooth Fairy's visit helped teach their child the value of money. Fifty percent said their kids save the money, 49% said their kids spend it, and about 1% loan the money out or donate it.

Where do YOU fall on the Tooth Fairy scale?

 

What did you receive as a kid & what does the Tooth Fairy now give your kids?

LISTEN: Jim and Teri talk about the new Tooth Fairy survey -- What did you receive as a kid & what does the Tooth Fairy now give your kids?