August 22 – National Tooth Fairy Day!

Happy National Tooth Fairy Day!

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Here are some fun facts according to Visa’s Tooth Fairy survey:

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  • The Tooth Fairy is getting cheaper – American children are getting about $3.40 per lost tooth this year. That’s down 8 percent from last year but still up 31 percent from the $2.60 left in 2011. This is the perfect opportunity to start talking to your children about money and savings!
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  • Father Tooth Fairies are more generous than mother Tooth Fairies: $4.20 vs. $2.90.
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  • The Fairy may be giving just what she has in her pocket; over 50% of kids will get either $1 or $5.
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  • 33% of respondents reported that the Tooth Fairy left a dollar.
  • Only 3.6% said that the Tooth Fairy left $20 or more, down from 6% in 2013.
  • Kids in Canada are receiving the equivalent of $2.60 in U.S. dollars on average this year with the exchange rate, the same amount the Tooth Fairy was leaving kids in the U.S. in 2011.
  • The Tooth Fairy spoiled kids in the West the most, leaving $3.60. Kids in the South and Northeast each receive an average of about $3.50.  The Tooth Fairy was her thriftiest in the Midwest, leaving an average of $3.10.
  • The Tooth Fairy calculator and app are part of Visa’s free, award-winning financial education program, Practical Money Skills for Life, which reaches millions of people around the world each year. Launched in 1995, the program is now available in 10 languages in more than 30 countries. Practical Money Skills for Life, educators, parents and students can access free educational resources including personal finance articles, games, lesson plans, and more. The app is available for iPhones and iPads at the iTunes Store,  and the calculator is available at: https://www.facebook.com/ToothFairyCalculator
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