It seems like the Tooth Fairy is still on a budget. (Tweet this)
According to Visa's annual Tooth Fairy survey, American children are getting an average of $3.19 per tooth this year, down 24 cents from the previous year. This is the second year in a row that the average compensation for lost teeth has declined.
Two years ago, the survey said, kids could expect to get a total of $74 for all of their teeth over several years. Now that number is down to $64.
"The Tooth Fairy is finally fluttering back to earth," said Nat Sillin, Visa's director of global financial education. "No matter how much is left under the pillow, a visit from the Tooth Fairy is an ideal opportunity to talk with children about the importance of saving and budgeting."
Among the other findings are:
- About 20 percent of respondents said that the Tooth Fairy left a $5 bill
- For the second year in a row, fathers reported that the Tooth Fairy left nearly 30 percent more than moms did
- In the Northeast, 1 in 4 children got $5 or more, and around 1 in 13 got $20 or more for a total Northeast average of $3.56
- The Midwest had an average of $3.13; the West and South were at $3.09 and $3.07 respectively
The survey results are based on 4,027 telephone interviews conducted nationally from May 28 to June 21, 2015. The margin of error is ± 1.5% at the 95% confidence interval.