Feb 22, 2024 - Economy
Tooth deflation
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Here's some welcome relief for parents but bad news for the kids. For the first time since 2019, the tooth fairy is paying less for lost teeth than the year before, Axios' Kelly Tyko writes.
Why it matters: It's a sign that the tooth fairy's helpers — aka parents — are worn down from two years of high inflation.
The big picture: The tooth fairy's national average gift value for a single lost tooth dropped 6% last year, according to a Delta Dental survey of 1,000 parents with children ages 6–12.
- Context: It's still a 349% increase from 1998.
