According to Iqaluit Dental Clinic, losing their first tooth can be pretty scary for young children but the tradition of the tooth fairy has turned it into a magical experience, nonetheless. Few things are as exciting for young kids to find the tooth they kept under their pillow at night to be magically replaced by shiny coins! The tooth fairy tradition doesn’t require an elaborate set-up such as the Easter Bunny or Santa Claus but helps to foster healthy parent-child bonding and encourages children to maintain good oral health.
Global Tooth Rates According to Delta Dental
The tooth fairy tradition is not exclusive to the U.S. In fact, it seems that the tooth fairy tradition is a fairly recent American myth that was derived from European folklore and the Asian myth in which children have to leave their lost tooth as an offering to some kind of animal such as rats in exchange for getting their wishes granted or getting gifts.
The tooth fairy rate average for every country can vary drastically in different countries and even vary according to the different states or provinces in the same country. Another thing to note is that the price of the tooth fairy has increased faster than inflation in the U.S which is also an indicator of where the U.S economy is headed. This has been proven by financial experts since the Tooth Fairy Index (TFI) tracked the movement of the S&P 500, which is a reliable indicator of the stock market and the U.S economy.
According to a previous survey (Tooth Fairy Poll) conducted by Delta Dental, the average payout in the U.S when a child loses their first tooth is $4.96. The survey included over 1,000 parents of children between the ages of 6 to 12, even those without dental insurance.
In Canada, it is about $5.72 per tooth although the range can vary across different regions in the country. In the UK, parents have to dish out £3.42 (on average) every time their kids lose a tooth.
The current global tooth rates according to Delta Dental are as follows:
- North America: Canada – $6.81, The U.S – $5.36
- Asia: Japan – ¥ 619
- South American: Brazil – R$ 28.19
- Europe: Spain – € 4.69, England – £ 3.95, Ireland – € 4.69
- Central America – Costa Rica – ₡ 3,449.95
Why Follow the Tooth Fairy Tradition?
If you choose to follow the tooth fairy tradition, it is apparent that you have to shell out a fair amount of money when your kid is between the ages of 6 to 12 whenever they lose a milk tooth. And, if you have more than one kid, you have to dish out even more money, especially when the tooth fairy rate is rising faster than inflation.
However, following the tooth fairy tradition helps to create beautiful memories for your children which they will treasure forever. Plus, it is easier to ensure they keep their teeth in excellent condition if they somehow receive less money for teeth in bad condition!
Iqaluit Dental Clinic suggests you let go of any self-imposed pressure, especially those fuelled by social media trends. The classic dollar under the pillow is enough to impress your kids and it is better to be creative with your tooth fairy gifts and aim to create unique and fun memories.