'Keeping up with the Joneses' causes tooth fairy inflation, experts say

Increasing social pressure in the region has caused tooth fairy "inflation" to explode.

News 12 Staff

Oct 28, 2019, 9:48 PM

Updated 1,648 days ago

Share:

Increasing social pressure in the region has caused tooth fairy "inflation" to explode.
Dr. Sabrina Magid-Katz, of Harrison, says pressure to "keep up with the Joneses" appears to have spiraled out of control in certain parts of the county this school year.
There are reports of children receiving $20, $50 and even $100 per tooth -- along with special gifts.
According to Visa, the going rate 30 years ago was only 25 cents.
Some people say social media might have to do with the increase in tooth fairy gifts.
Experts say the best way to get kids to not expect so much is to focus on the meaning of a magical milestone -- when the child marks the passage into older childhood.


More from News 12
1:48
Police: 133 arrested during growing pro-Palestinian demonstration on SUNY New Paltz campus

Police: 133 arrested during growing pro-Palestinian demonstration on SUNY New Paltz campus

1:49
Cooler day for the Hudson Valley with temps in the 60s; tracking rain for Sunday

Cooler day for the Hudson Valley with temps in the 60s; tracking rain for Sunday

2:17
Police arrest around 70 people during pro-Palestinian protest at SUNY Purchase

Police arrest around 70 people during pro-Palestinian protest at SUNY Purchase

WATCH LIVE: Bridge over section of I-95 is being demolished due to damage from truck fire

WATCH LIVE: Bridge over section of I-95 is being demolished due to damage from truck fire

0:33
Volunteer firefighter dies in Tuxedo motorcycle crash

Volunteer firefighter dies in Tuxedo motorcycle crash

0:30
Ex-Brewster village officer sentenced for protecting prostitution businesses

Ex-Brewster village officer sentenced for protecting prostitution businesses

0:41
Police: Child sustained minor injuries when struck by on-duty Monticello police officer

Police: Child sustained minor injuries when struck by on-duty Monticello police officer

0:32
Rep. Ryan calls for planned Central Hudson rate increase to be denied

Rep. Ryan calls for planned Central Hudson rate increase to be denied

0:21
Yonkers Art unveils 2 new exhibits ahead of weekend festival

Yonkers Art unveils 2 new exhibits ahead of weekend festival

1:26
Look up! Annual Eta Aquarid meteor shower peaks early Sunday morning

Look up! Annual Eta Aquarid meteor shower peaks early Sunday morning

0:33
Dobbs Ferry man facing federal charges of illegal possession of firearms, ammunition

Dobbs Ferry man facing federal charges of illegal possession of firearms, ammunition

1:47
EXCLUSIVE: Ex-Monticello officer who admitted to sex assault of underage teen reinstated to department after arrest

EXCLUSIVE: Ex-Monticello officer who admitted to sex assault of underage teen reinstated to department after arrest

0:36
Police: Woman arrested in connection to student brawl outside Yonkers school

Police: Woman arrested in connection to student brawl outside Yonkers school

1:44
Poughkeepsie leaders ask public for help to find troubled teens before tragedy strikes

Poughkeepsie leaders ask public for help to find troubled teens before tragedy strikes

1:02
Ribbon-cutting ceremony held for completion of New Rochelle affordable housing development

Ribbon-cutting ceremony held for completion of New Rochelle affordable housing development

0:32
Bedford School District to receive more money aid, boost in funding from state

Bedford School District to receive more money aid, boost in funding from state

0:30
Blooming Grove highway worker seriously injured during tree removal

Blooming Grove highway worker seriously injured during tree removal

0:23
Overnight road work to close Exit 7 on Cross County Parkway in Westchester

Overnight road work to close Exit 7 on Cross County Parkway in Westchester

1:44
Exploring the Westchester children's museum: A journey of play and discovery

Exploring the Westchester children's museum: A journey of play and discovery