Tooth fairy suffers in recession

Spare a thought for the latest victim of the recession - the tooth fairy.

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Recent research has revealed that payouts for teeth have dropped by 6% – from an average £1.22 in 2008 to an average £1.15 in 2009.

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It’s estimated a total of £22.1 million will be left under children’s pillows this year, a massive £1.3 million less than in the previous 12 months.

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David White, chief executive of The Children’s Mutual, who conducted the research into tooth fairy deposits, said this was a perfect time for parents to start teaching their children the value of money: “Talking about the value of money in terms children can easily understand can help them appreciate the importance of saving.”

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