According to a new Visa survey, children are getting a little extra under their pillow from the Tooth Fairy this year tells Komo News. Children are seeing an average of $3.70 cents per tooth – a 23 percent jump from last year's $3 average. The current rate of inflation is about two percent, but experts speculate that the Tooth Fairy's generosity is more about keeping up with Joneses. "A kid who got a quarter would wonder why their tooth was worth less than the kid who got $5," says Kit Yarrow, a consumer psychologist and professor at Golden Gate University. Parents, er, Tooth Fairies don’t want their children to feel left out.One mother in California shelled out $100 for her daughter's tooth. It went directly into college savings, but we here at Crosscut remember a time when you spent all afternoon working at a loose tooth for a measly $1 return. How much should your Tooth Fairy give? Visa has a handy new app for that. Next up: Credit card readers in your pillowcase.
Recession-proof Tooth Fairy
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By Berit Anderson
Berit Anderson was Managing Editor at Crosscut, following tech, culture, media and politics. She founded Crosscut's Community Idea Lab. Previously community manager of the Tribune Company’
Berit Anderson was Managing Editor at Crosscut, following tech, culture, media and politics. She founded Crosscut's Community Idea Lab. Previously community manager of the Tribune Company’