It appears that the current economic environment is a boon for kids in the United States. The brightening economic view is making the Tooth Fairy more generous than ever.
Delta Dental's 13th annual Tooth Fairy survey revealed that the money that the Tooth Fairy gave to kids in the United States in 2016 reached as high as $4.36. The amount is 86 cents higher than what the kids received from the Tooth Fairy in 2016, according to a report by WTOP.
The Tooth Fairy's pay out indicates that the economy is getting strong. The Tooth Fairy's cash payment to the kids is within a percentage point of the S&P 500's, so the amount that she pays for teeth can be an indicator of the status of the economy.
The Tooth Fairy gave out a total of $290.6 million in the United States in 2016, as payouts for first lost tooth continue to be higher than average. The total amount paid per tooth is 7 cents higher in 2016 compared with 2015, WKRN reported.
The Tooth Fairy's payouts not only indicate greater confidence in the economy, they also help kids learn a lesson or two about finances and oral health. The money that kids receive from the Tooth Fairy more often than not goes into savings.
Results of the survey show that 48% of kids choose to save their money. However, 48% also choose to spend the money on things they want. Only 3% of the kids donate their cash to charity while 1% loan out their money.
Aside from money, the Tooth Fairy also leaves other gifts to kids who lost their tooth. Gifts are most likely centered on promoting oral health like toothbrush, floss or toothpaste.
The Tooth Fairy is not the only popular character for kids. Jobs & Hire previously reported that entities create online trackers so that kids can track Santa Claus every Christmas.
