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Parents are paying up to £10 per tooth when the Tooth Fairy visits, while up North, children receive £1 per tooth.
The study of 1,000 parents, conducted by Manchester dental practice, Carisbrook Dental, revealed the average payment left under a pillow was £2.10, an increase of £1.50 from five years ago, though one in ten children get £10, equivalent to £200 for a full set of milk teeth. More than a third of parents surveyed admitted their children spend the money on sweets.
Owner of the practice and dentist, Tariq Idrees, said: “The Tooth Fairy is a much-loved family tradition and a very good one.
“At Carisbrook Dental we tend to find that parents and children who are most excited by the Tooth Fairy and make sure that it visits with each lost tooth also take dental care most seriously, too. They tend to be the children who brush their teeth most regularly with little parental pressure and suffer the least tooth decay.”
Most children have a set of 20 milk or baby teeth by the age of three and they start to fall out after this, falling out in the same order they arrived, seeing most children lose their front teeth first.
The survey revealed nine out of ten children aged under five, believe in the Tooth Fairy and the same number also believed in Father Christmas.
Payments from the Tooth Fairy have increased by as much as £10 per tooth as children benefit from the recent economic upturn, with many parents leaving £5 and £10 notes under their children’s pillows instead of traditional coins, due to wage increases and inflation.
Tooth Fairy payments were found to vary according to where you live in the country. Payments in London and the South East were found to be the highest, with a child receiving £2.50 on average, while parents in Newcastle were reportedly giving their children just £1 per tooth.
Nearly one third of children (27 per cent) were found to get £1 for each two teeth lost, 25 per cent of children get a £2 coin, while 14 per cent of those surveyed get less than £1, typically just 50p per tooth.
The study further revealed twelve per cent of children get £5; nine per cent get £10; three per cent get between £10 and £20 and two per cent of children get more than £20. Of all those surveyed, only eight per cent said they didn’t receive a visit from the Tooth Fairy.
Mr Idress continued: “It is shame that 36 per cent of children are spending their Tooth Fairy money on sweets.
“I think Tooth Fairy payments are a good indicator of the nation’s general economic health - so it has to be good news that payments are increasing.”
The majority (36 per cent) of children spent their money on sweets, 31 per cent of children spent the money on toys, while 21 per cent said they saved it. Only seven per cent of children spent the money on books and the rest spent it on clothes and other things.