Tooth Fairy falls victim to inflation as children receive average $3 a tooth
22:29 GMT, 4 September 2012
It seems even the Tooth Fairy is not immune to inflation.
According to a new study children in the U.S. receive an average of $3 for each tooth lost, an increase of 15 per cent on last year.
And to coincide with the findings a free app has been released which allows parents to calculate how much money they should be slipping under their youngster's pillow.
Ouch! According to the American Dental Association most kids have a full set of 20 baby teeth by the time they are three-years-old
The Tooth Fairy Calculator instructs
users to enter information such as education, age and household income
so they can determine how much to give their youngster per baby tooth.
According to ABC News entering 'a male parent’s age of 33 with a college education and making $75,000' into the new app produces a $2 gift from the tooth fairy.
But if you change the state of residence to New York you will get a less-valuable tooth priced at $1.
A survey of 2,000 households by financial services Visa firm found that on average children in the U.S. receive $3 for each tooth lost. Some received as much as $20 per tooth.
Tooth tool: Visa's free appenables parents to
calculate how much money they should be slipping under their child's
The American Dental Association
reports that most kids have a full set of 20 baby teeth by the time they
are three-years-old which will earn them a total of $60 according to
the latest figures.
A spokesperson for Visa agreed that 'it's a good time to be a kid with a loose tooth.'
While some parents applauded the new app, some financial experts warned that it might prompt parents to be competitive.
Charles Green, CEO of Trusted Advisor Associates, a management consultancy business, told CNBC: 'The app would be a driver of tooth inflation, not a tracker… I would predict a psychological bidding game.'