Cha CHING! How Much Money Are Your Kids Raking In From the Tooth Fairy? – Dr. Misee Harris
Kids are demanding more and more money from the tooth fairy and many parents want to know what she pays. For those inquisitive parents out there, here is how much the tooth fairy has paid in the last 13 years.
FUN FACT- Studies show that the increase in cost per tooth correlates with S&P 500. The Standard & Poor’s 500, often abbreviated as the S&P 500, or just the S&P, is an American stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.
How Much Does the Tooth Fairy Pay Per Tooth?
According to my research, figures have increased quite a bit in just the last 2 years alone. Studies show that the Tooth Fairy paid about $290.6 million in the U.S. for lost teeth, a 13.5% increase from 2015. Cash payouts for a first lost tooth are up about 10% to $5.72. First-tooth payouts are typically higher than average.
The most comprehensive tooth fairy payout statistics are available from Delta Dental of Minnesota. They seem to have a passion for finding out how much the tooth fairy pays. They go to great lengths to figure out the national average (as well as the Minnesota average) for tooth fairy payouts.
Here’s a summary of Delta Dental of Minnesota’s annual tooth fairy reports with a graph displaying the average price that the tooth fairy has paid per tooth in the last 7 years:
- In 2016 the tooth fairy paid $4.66 per tooth.
- In 2015 the tooth fairy paid $4.50 per tooth.
- In 2014 the tooth fairy paid $3.50 per tooth.
- In 2013 the tooth fairy paid $3.00 per tooth.
- In 2012 the tooth fairy paid $2.15 per tooth.
- In 2011 the tooth fairy paid $2.52 per tooth.
- In 2010 the tooth fairy paid $2.13 per tooth.
- In 2009 the tooth fairy paid 1.88 per tooth.
As you can see, the values are steadily rising, which is good news for the children!
(Courtesy of Dental Delta)
Should Children Be Able to Bank Their Teeth?
Why not? Earnings from the tooth fairy can provide parents a platform to teach their children how to save. There are parents who may encourage their children to save multiple teeth to receive a bigger payout.
By saving the teeth and then putting them all under their pillow at once, the tooth fairy gives them more for the teeth collectively than the good fairy would have given for each individual tooth. Some may suggest that this could kill the excitement of the highly anticipated tooth fairy by not allowing each child to get their 20 visits from her.
How Much Does The Tooth Fairy Pay Per Tooth At Your House?
We would love to know how much money your children rake in from the tooth fairy. Comment below!