Rising Tooth Fairy Payouts Reflect Good Economy

As far back as ancient times, a variety of cultures ritualized ways of disposing of baby teeth. Eventually folklore evolved into the story that when a child loses one of his or her baby teeth, the tooth should be placed underneath the pillow; the Tooth Fairy would then replace the lost tooth with a small payment while the child slept.

Well, it seems the Tooth Fairy is alive and well in America.

According to Delta Dental’s 13th annual Tooth Fairy survey, cash payouts reached an all-time high in 2016. The average payout was $4.66—a 75-cent increase from 2015. Cash payouts for a first lost tooth, which are typically higher than average, are up about 10 percent to $5.72

According to the poll, the Tooth Fairy visits 85 percent of the nation’s households with children. In 2016, those children received about $290.6 million, a 13.5 percent increase from the previous year.

The Tooth Fairy’s generosity mirrors the performance of the S&P 500, following the index’s upward direction for 12 of the last 13 years. The average payout for 2016 varied by region throughout the country as follows: Highest in the West at $5.96; followed by the Northeast at $5.08; the South at $4.57; and the Midwest at $4.04.

About 89 percent of homes the Tooth Fairy visits receive money; but some receive gifts that promote oral health, including toothbrushes and toothpaste.

Finally, given our busy lifestyles, it’s no surprise that 56 percent of parents say the Tooth Fairy forgot to pick up the tooth on the first night.

If you are looking for a dentist in the Troy and Birmingham area who utilizes the latest dental techniques and technology, be sure to check out Dr. Douglas Angell. Angell’s Dentistry is committed to providing patients of all ages with a beautiful, healthy smile and unmatched dental care. Be sure to visit our website at: www.angellsdentistry.com.

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