Tooth fairy 'leaving less under British children's pillows'
www.moneynews.co.uk > General finance > Tooth fairy 'leaving less under British children's pillows'
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Money News |
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Tooth fairy 'leaving less under British children's pillows'
Wed 27th May 2009
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The Tooth Fairy Index, released today by the Children's Mutual, has shown that the typical amount left under a child's pillow has fallen from £1.22 to £1.15 over the last year - the equivalent of six per cent.
This equates to British parents giving their children £1.3 million less than they did last year, the index found.
In contrast, the 2008 report showed a rise of 16 per cent from 2007, perhaps showing how the recession has impacted upon the pockets of parents.
However, this fall in funds may not be a bad thing, according to chief executive of the Children's Mutual David White, who said that it could provide the perfect opportunity for parents to educate their children about money.
"Talking about the value of money in terms children can easily understand can help them appreciate the importance of saving," he explained.
Some financially-savvy youngsters may be asking their parents why the booty from their loose teeth hasn't gone up, as a poll from uSwitch.com this week revealed that 4.3 million Brits think they are better off due to the recession.
Click here for more general finance news
Related News : General finance |
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