Postmedia may earn an affiliate commission from purchases made through our links on this page.
An alarming fiscal finding has fallen under the radar as families scramble to adjust to inflation and shrinkflation — which sound like opposites but are in fact BFFs.
It’s about the Tooth Fairy and how much she’s going to cost you.
A not-at-all-toothsome U.S. poll conducted by Delta Dental reveals that a full set of 20 baby teeth — which drop out over six years — will set a family back US$124.60. That’s an average of $6.23 per tooth under the pillow, a 16-per-cent increase over last year and the highest amount Delta Dental has recorded since it began Tooth Fairy polling 25 years ago.
Over that quarter-century, Delta Dental has seen a 379-per-cent increase in the cost of a primary tooth. It started at a pleasant $1.30 and now it’s hit $6.23 per tooth. That’s the average cost of the last 19 teeth — the first one goes for an average of $7.29. First, that sets a dangerously expensive precedent and furthermore, what is a six-year-old going to do with that $7.29? Buy Robux? Invest in Hershey Co.?
A further 20 per cent of children got presents in addition to cold hard cash.
If tooth inflation continues, the poll reveals, families will be shelling out $600 per year, per child by 2048.
The basic family allowance per child in Quebec, which is pegged to family income, will increase in 2024 from a maximum of $2,782 to $2,923, a boost of $141 annually. There’s your Tooth Fairy money right there, with a little left over for toothpaste.
“Historically, the Original Tooth Fairy Poll has mirrored the economy’s overall direction, tracking with the trends of Standard & Poor’s 500 Index,” Delta Dental said in a press release. “However, while the average value of a single lost tooth increased 16 per cent over the past year, the S&P 500 experienced an 11-per-cent decline during the period.”
Chicago-based Delta Dental Plans Association is a not-for-profit association and the largest dental benefits provider in the U.S. The poll was conducted from Jan. 6 to 19 among 1,000 parents of children between six and 12 years old. The margin of error is plus or minus three per cent.
Sign up for our awesome parenting and advice newsletter at montrealgazette.com/newsletters.
Quebec to opt out of federal dental plan, seek $3 billion in compensation
Tap here to read more from Hayley Juhl
Share this article in your social network