I was wondering about the going rate for an outed tooth. What’s the Tooth Fairy doing these days in regard to gifting children with cash for teeth?
In my day it was a quarter, maybe. Sounds rather paltry. On the other hand here’s a sampling of what things cost in 1961 when I was five years old.
- New house: $17,200
- Stamp: $0.04
- Gallon of gas: $0.31
- Dozen eggs: $0.57
- Gallon of milk: $0.49
Compare those prices with today’s market:
- New house: $300,000
- Stamp: $0.55
- Gas: $2.50
- Eggs: $2.82
- Milk: 3.27
I’m thinking about this because yesterday, in our 2nd service, I was talking with a five year old who had lost a tooth. I asked if she got any money for it. She smiled her beautiful smile, sans the tooth, and offered, “Yes, I got $5.00”.
The cost of housing increase from 1961 to 2020 is 1744%.
The Tooth Fairy increase from 1961 to 2020 is 120%.
“Sure, but what about wages and income,” you ask?
Average household income in 1961 was: $7,500
Average household income in 2019: $75,133
Wow, parents are making 1000% more than they did 58 years ago.
But the Tooth Fairy pillow gift has risen only 120%. Hardly seems fair. At the increase of 1000% that precious child should have awakened to a bundle of $250, cash.
Okay, not going to happen. And it’s likely that my math is skewed if not entirely wrong.
Either way, I’m representing for the kids.