Parents React to Tooth Fairy Inflation AnnouncementSPRINGFIELD, Mass. (WGGB) — A new survey released from Visa shows a spike in the amount of money that kids are finding under their pillow.
Last year the average payout from the tooth fairy was $3 dollars a tooth. It’s now nearing $4 dollars.
ABC40′s Tom Lewis took to the streets to get reaction.
Kids never had it so good when it’s come to the tooth fairy. Gone, it seems are the days when a few coins would suffice.
(When you were a kid how much did you get?) “A quarter maybe less,” says Virginia Frasson, from Springfield.
William McCoin also a Springfield resident explains, “We got change usually and I’ve lost a few teeth (so I think you must be rich?) I’m getting there!”
Blame it on inflation or just increased generosity, but the value of a tooth is on the rise.
Nowadays kids are getting $3.70 a tooth. “Not in my house. (Not in your house?) We are still giving a dollar,” says Virginia laughing.
Tom asks Mark Santiago from Chicopee… (What about a postdated third party Canadian money order?) “A what?” asks Mark.
(Dinah, if I offered you $3.70 for one of your teeth right now would you give it up?)
“No..(That’s the going rate for the tooth fairy these days)” city resident, Dinah Kay Johnson laughs.
(I’m thinking $20 to $25 a tooth if it’s a molar) “Not in my house,” laughs Virginia again.
Michelle Goodrow from Chicopee says, “My kid gets $20. (Your kid gets $20 a tooth?!) “Yes.” (You want to adopt me because I have a lot of choppers.) Michelle laughs.
The survey from Visa says that one of the reasons for the spike in tooth inflation is competition.
“I’m pretty sure they go to school and tell their friends I got a dollar from my mom well I got 3 dollars from my mom or the ‘tooth fairy’,” says Dinah.
And now some are willing to put their money where their mouth is.
(Would you be willing to give up all your teeth right now for money?) “Yes. Because all my teeth are fake,” says Mark smiling as he spits them out.
But maybe we adults are making a bigger deal out of this than the kids are.
“I’m sure they are happy to get anything because it’s a fairy…it’s a fairy tale,” adds William.