The MasterBlog: In this dire economy, even the Tooth Fairy is pinching pennies -
Subscribe to The MasterBlog in a Reader Subscribe to The MasterBlog by Email

MasterBlogs Headlines

Tuesday, August 2, 2011

In this dire economy, even the Tooth Fairy is pinching pennies -

In this dire economy, even the Tooth Fairy is pinching pennies

(CNN) -- Getting the Tooth Fairy to pony up in this sagging economy has been like pulling teeth.

A recent survey found that the national going rate has seen a 40-cent decline this year: From $3 to $2.60.

What's worse? A full 10% of kids are reaching under their pillows ... and coming up empty. Compare that to last year when just 6% of kids found no reason to flash that toothless grin.

"It's a cardinal sin not to (pay)," said Rakshanda Liaqat, a mother of two in Phoenix. "It's about a child losing a part of her and the warm belief that the tooth fairy will take care of her precious tooth."

"Now, on the other hand, counting the number of teeth your kid loses. And that, too, multiple times in a year? And that, too, having two kids? I can understand the economic recession the Tooth Fairy goes through in terms of her salary."

Liaqat tried to leave $10 for every tooth her son lost -- "but my son didn't lose much of his teeth after the recession hit."

"He lost it right on time. Before the debt crisis," she said. "Amen to that!!"

The telephone survey of 1,006 adults was conducted on behalf of Visa and is intended to get parents talking to kids about money management.

It found that the economic pinch has taken a bite out of the Tooth Fairy's generosity most dramatically in the eastern United States. Kids there received just $2.10 -- a 38% decline from $3.40 last year.

In the West, kids pocket more than the national average: $2.80 and up 4% from last year's $2.70.

That doesn't surprise Scott Rivers in San Diego.

He leaves about $5 for every tooth his children lose.

"It's worth it just to see their eyes light up," he said. "Plus, it gives us a chance to talk about what they want to do with the money and what they should. Like donating a bit to charity."

But he's in the minority. Just 18% of kids around the nation receive $5, the survey found.

The majority -- 36% -- receive a dollar or less.

And 18% get between $2 and $4.

"My 6-year-old niece just lost her first tooth last week and her parents gave her about $2 in coins," said Jeanne Byrd of Fairfield, California. " Our family has never really given large dollars for the tooth fairy though."

Among the survey's other findings:

-- Kids in the Midwest receive an average of $2.80, a 3% decrease from last year's $2.90

-- But children in the South find the Tooth Fairy penny-pinching as well: $2.60 -- a 21% cut from last year's $3.30.

CNN's Maria P. White contributed to this report.

Sent from my iPad

No comments:

Post a Comment

Commented on The MasterBlog

Tags, Categories

news United States Venezuela Finance Money Latin America Oil Current Affairs Middle East Commodities Capitalism Chavez International Relations Israel Gold Economics NT Democracy China Politics Credit Hedge Funds Banks Europe Metals Asia Palestinians Miscellaneous Stocks Dollar Mining ForEx Corruption obama Iran UK Terrorism Africa Demographics UN Government Living Bailout Military Russia Debt Tech Islam Switzerland Philosophy Judaica Science Housing PDVSA Revolution USA War petroleo Scams articles Fed Education France Canada Security Travel central_banks OPEC Castro Nuclear freedom Colombia EU Energy Mining Stocks Diplomacy bonds India drugs Anti-Semitism Arabs populism Saudi Arabia Brazil Environment Irak Syria elections Art Cuba Food Goldman Sachs Afghanistan Anti-Israel Hamas Lebanon Silver Trade copper Egypt Hizbollah Madoff Ponzi Warren Buffett press Aviation BP Euro FARC Gaza Honduras Japan Music SEC Smuggling Turkey humor socialism trading Che Guevara Freddie Mac Geneve IMF Spain currencies violence wikileaks Agriculture Bolívar ETF Restaurants Satire communism computers derivatives Al-Qaida Bubble FT Greece Libya NY PIIGS Republicans Sarkozy Space Sports BRIC CITGO DRC Flotilla Germany Globovision Google Health Inflation Law Mexico Muslim Brotherhood Nazis Pensions Peru Uranium cnbc crime cyberattack fannieMae pakistan stratfor Apollo 11 Autos BBC Bernanke CIA Chile Climate change Congo Democrats EIA Haiti Holocaust IFTTT ISIS Jordan Labor M+A New York OAS Philanthropy Shell South Africa Tufts UN Watch Ukraine bitly carbon earthquake facebook racism twitter Atom BHP Beijing Business CERN CVG CapitalMarkets Congress Curaçao ECB EPA ETA Ecuador Entebbe Florida Gulf oil spill Harvard Hezbollah Human Rights ICC Kenya L'Oréal Large Hadron Collider MasterBlog Morocco Mugabe Nobel Panama Paulson RIO SWF Shiites Stats Sunnis Sweden TARP Tunisia UNHRC Uganda VC Water Yen apple berksire hathaway blogs bush elderly hft iPad journalism mavi marmara nationalization psycology sex spy taxes yuan ALCASA ANC Airbus Amazon Ariel Sharon Australia Batista Bettencourt Big Bang Big Mac Bill Gates Bin Laden Blackstone Blogger Boeing COMEX Capriles Charlie Hebdo Clinton Cocoa DSK Desalination Durban EADS Ecopetrol Elkann Entrepreneur FIAT FTSE Fannie Freddie Funds GE Hayek Helicopters Higgs Boson Hitler Huntsman Ice Cream Intel Izarra KKR Keynes Khodorskovsky Krugman LBO LSE Lex Mac Malawi Maps MasterCharts MasterFeeds MasterLiving MasterMetals MasterTech Microsoft Miliband Monarchy Moon Mossad NYSE Namibia Nestle OWS OccupyWallStreet Oman PPP Pemex Perry Philippines Post Office Private Equity Property Putin QE Rio de Janeiro Rwanda Sephardim Shimon Peres Stuxnet TMX Tennis UAV UNESCO VALE Volcker WTC WWII Wimbledon World Bank World Cup ZIRP Zapatero airlines babies citibank culture ethics foreclosures happiness history iPhone infrastructure internet jobs kissinger lahde laptops lawyers leadership lithium markets miami microfinance pharmaceuticals real estate religion startup stock exchanges strippers subprime taliban temasek ubs universities weddimg zerohedge

Subscribe via email

Enter your email address:

Delivered by FeedBurner