Even the tooth fairy is cutting back. The average price per tooth in America just saw its biggest drop in 27 years

The average price per tooth in America just saw its biggest drop in 27 yearsBy Chris MorrisBy Chris MorrisContributing WriterChris MorrisContributing WriterChris Morris is a contributing writer at Fortune, covering everything from general news to the game and theme park industries.SEE FULL BIO American kids are getting a raw deal from the Tooth Fairy lately.Elva Etienne—Getty ImagesThe tooth fairy is paying 14% less than they did last year, marking the biggest decline in 27 years

The average child received $5.01 per tooth in the U.S., which was the lowest amount of any tracked country

And the most recent study shows an average price per tooth of $5.01 in the U.S

That’s a 14% decline from last year’s $5.84—the biggest on record

This year, that number has fallen to 16%. “Since 1998, Delta Dental has tracked Tooth Fairy giving as a timely reminder for families that good oral health is an essential part of a child’s overall well-being,” Delta Dental wrote in a press release

The 2025 drop also means that for the first time since 2000, the S&P index has outperformed the Tooth Fairy Index (of rises and drops in the amount left per tooth)

In 2000, a tooth went for a little less than $2, meaning it has seen a gain of more than 150% in that time

Japan – ¥ 752 ($5.12) Ireland – € 4.80 ($5.62) Spain – € 4.80 ($5.62) England – £ 3.97 ($5.39) Canada – $ 7.13 ($5.17) Brazil – R$ 28.68 ($5.31) Costa Rica – ₡ 2535.44 ($5.02) Introducing the 2025 Fortune Global 500, the definitive ranking of the biggest companies in the world