Jun 25 2008
British parents are becoming more generous when they come to play the role of the tooth fairy to their children, it has been revealed.
Research by the Children's Mutual has found that despite the recent downturn in the UK's economy, the typical child's tooth is replaced with 16 per cent more money now than was the case a year ago.
In fact, each tooth is now worth an average of £1.22, which represents an increase of around 258 per cent over the past 25 years, the child trust fund provider reports.
"Parents may think that being the tooth fairy is an expensive business, but the tooth fairy can help them talk to their children about the value of money," said David White, chief executive of the Children's Mutual.
Earlier this month, the Nationwide Building Society reported that three-quarters of people in the UK consider saving to be an important part of financial management.
