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Australian children are looking for more than loose change for a lost tooth 2015, with one study showing a massive price hike for the local Tooth Fairy.

tooth fairy rock. Pinterest
Dwayne Johnson ‘The Rock’ in the movie Tooth Fairy. Image source: Pinterest\thewrittenreference

 

According to the Huffington Post, a recent survey conducted by insurance company Real Insurance, reported findings of the average cost of a tooth is now $6.00 in 2015, as opposed to just $2.00 in 1995.

The average child loses twenty baby teeth over the course of their childhood, which quickly adds up to $120.00.  Spokesperson Tatiana Day told the Huffington Post that nationally, it was a significant amount:

“Australians are expected to spend $240 million to cover the Tooth Fairy costs for the current cohort of under 12 year olds across the country – which means over the last 20 years the value of the average tooth has more than doubled,” she said.

If the figures are correct, the tooth fairy is paying well above inflation.  According to the RBA’s inflation calculator and the Huffington Post, two dollars in 1995 money works out to be $3.26 in today’s money, based on the target rate of 2.6 percent.

That would mean that if mum or dad is paying out $6.00 per tooth today,in real time their single earnings would have had to grow from the average wage to $10,000 above average just to keep up with the tooth fairy.

That is a hefty price hike!

How much does the Tooth Fairy pay your children for their teeth?

Main image source: Getty Images

  • A gold coin is sufficient I think.

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  • Moist people I know still give $2 at the most for teeth. I think it is ludicrous to pay any more.

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  • I can’t believe how much children are given by the tooth fairy. At the price above both parents would need to work if the had 2 or more children close in age who were being paid by the tooth fairy at close intervals or Dad would need a 2nd job (part time) unless earning a highly paid salary. I will have to ask the Mum of a 8 y.o. I know how much her child is given.

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  • Wow $6 is a lot. My daughter won’t be getting that much when she starts to lose teeth. $1 or $2

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  • we used to get 50cents to $2 depending on the tooth and it was a fair trade. heard a few friend giving their kids $10 $15 even $20 per tooth and then you hear the kid trying to get the next tooth loose to get more money. children are too spoilt these days and need to learn savings and patience. start low, and kinda stay that way and give a bigger amount for the last tooth as a reward for the patience and waiting and taking better care of their teeth and oral care.

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  • We give between $1 and $2, depending what we have in our wallet lol. I have a friend who gives his children up to $30 per tooth, my jaw was dropping when I first heard this…

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  • HOLY! We only ever got 50c-$1. Majorly ripped off! haha in all seriousness though…talk about giving your kids unrealistic expectations! Each to their own though I guess :/

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  • well i don’t give the kids that much. $2 is a lot to a little kid and it is a treat at the tuckshop or they can save it.

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  • The tooth fairy is a fantasy – my kids only ever got 1/- or 10c these days.
    Then I found the youngest deliberately loosening his teeth so he could get 10c for some lollies.
    Quickly told him there isn’t a tooth fairy and stopped the practice.
    Tread your own path.

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  • I think 6 dollars is too much. We used to give 50 cents, then went up to one dollar. For the last ones (the final ones) my daughter got 2 dollars.

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  • Gosh, $6… we always got a single coin so it was never more than $2 and even that seemed generous.

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  • Wow!! On a good day ours get $2 per tooth. The first few were 50c as that was a big shiny coin. I don’t think we’re are mean, just reasonable. It’s only meant to be a token amount!

    Reply

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