Imagine a world where a child is paid almost your hourly wage for losing their tooth and putting it under their pillow? Open your eyes and you’re in that world. According to a survey conducted by Visa, the average amount of money the Tooth Fairy is paying kids these days is $3, and some receive as much as $20 per tooth!
Is this a good thing or a bad thing? Child psychologists say that giving children higher amounts of money may warp their insight of money. For instance, it may teach a child that they have to do something to earn money, but it may also teach children that they didn’t have to do much to earn the money. A survey of teachers said that “high-paying teeth” is becoming too popular in elementary schools because children compare the amount of money they received from the Tooth Fairy. If a child learns that their peers are being given $20 for each tooth they lose, then he/she will feel unhappy about earning only $1.
So, how do parents determine how much to pay for their children’s teeth? Visa launched an iPhone and iPad app that calculates a parent’s gender, education, location, age, and income to determine the recommended dollar amount for his/her child. According to Visa, the tooth fairy calculator promotes fiscal responsibility for kids.
Feel free to contact my Los Angeles office for all of your dental needs, as well as your child’s dental needs. I am here to help every individual achieve a healthy-looking, A-list smile! Please schedule your consultation today.