Tooth fairy paying less for lost teeth due to high inflation


Even the tooth fairy is feeling the pain of high inflation.

The average amount of cash left under the pillow by the tooth fairy (spoiler alert: parents) dropped to $5.84 in 2023, 6% lower than the $6.23 the previous year — the first time decline since 2018, according to a survey conducted by insurer Delta Dental.

Even the loss of a first tooth, which usually elicits a more lucrative award, wasn’t as profitable as it once was, the survey found.

Losing a tooth isn’t as lucrative a proposition as it once was, according to a new survey. iuricazac – stock.adobe.com

Last year, losing a first tooth resulted in an average gift of $7.09 — down from $7.29 in 2022, according to the survey, which polled 1,000 parents of children between the ages of 6 and 12.

Kids living in the western part of the United States scored the biggest bonanza.

The average value of a lost tooth in the West was $8.54 — a 37% increase compared to 2022.

In the Northeastern US, the average value rose 12%.

The tooth fairy was more miserly in the South and Midwest.

In the Midwest, the worth of a lost tooth fell 36%, dropping to $3.63. In the South, the value dropped to $5.51 per tooth.

The tooth fairy is leaving less money under the pillow due to the pinch of high levels of inflation, according to a survey. Wayhome Studio – stock.adobe.com
A single lost tooth in 2023 yielded an average gift from the tooth fairy of $5.84, which is 6% lower than the $6.23 from 2022. yanadjan – stock.adobe.com

The poll noted that the tooth fairy’s gift has traditionally tracked with the S&P 500, but that trend has been bucked the last two years.

In 2022, the tooth fairy’s dropped off a record high of $6.23 — up 16% from the year before. Meanwhile, the S&P 500 underwhelmed that same year — dropping 18% in value.

Last year, the tooth fairy was a bit more stingy, but the S&P 500 roared back with 24% gains — a sign of the resilience of an economy that has been hampered by high interest rates and soaring levels of inflation.



Source link