Did you know that in early Europe it was a tradition to bury baby teeth when they fell out? When a child lost their sixth tooth, it was then custom for parents to slip a gift or monetary reward under the child’s pillow as a reward. In northern Europe there was a “tooth fee” that was paid out by parents after a child lost their first tooth.
Today, this act, known as the Tooth Fairy is as big as ever as parents all over the world put money under their child’s pillow after they lost a baby tooth. In fact, the Tooth Fairy left $225 million under kid’s pillows nationwide in 2014!
The one difference though is the inflation and location. Back in the day many kids got a single dollar bill in exchange for a baby tooth.
Today, if you live in cities such as New York expect to pay out as much as $13 per tooth while in Los Angeles parents are paying over $9 per tooth. The national average though is down a little but still over $3 and the average kid can earn around $64 total during their tooth giving careers.
More than likely this is a big difference from when we were kids!
Remember though, no matter how much is left under the pillow, the Tooth Fairy is a great tool for families to talk to their children about the importance of saving and budgeting.
How much do you leave your kids? Share your responses on our Facebook page: https://www.facebook.com/FreshDentalSmilesFL/