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Tooth fairy paying less for lost teeth linked to high inflation

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Even the tooth fairy is feeling the pinch of high inflation, according to a recent survey conducted by insurer Delta Dental.

The survey revealed that the average amount of cash left under children’s pillows by the tooth fairy (read: parents) dropped to $5.84 in 2023, marking a 6% decrease from the previous year’s average of $6.23.

This decline represents the first drop in tooth fairy payouts since 2018.

Even the loss of a first tooth, which typically commands a higher reward, saw a decrease in average gift value. Last year, the average gift for losing a first tooth was $7.09, down from $7.29 in 2022.

Tooth fairy generosity

The survey, which polled 1,000 parents of children aged 6 to 12, also found regional disparities in tooth fairy generosity.

Children in the western part of the United States received the highest average payouts, with lost teeth fetching an average of $8.54 in 2023, a notable 37% increase from the previous year.

Read more – why are fewer houses being sold in the U.S.?

In contrast, children in the Midwest experienced the sharpest decline in tooth fairy payouts, with the value of lost teeth plummeting by 36% to $3.63.

Similarly, children in the South saw a 16% decrease, with the average tooth fetching $5.51 compared to $6.59 in 2022.

Changing trends

The survey noted that the tooth fairy’s gifts historically correlated with the performance of the S&P 500, but this trend deviated in the past two years.

In 2022, despite an 18% decline in the S&P 500, the tooth fairy set a record high with an average gift of $6.23.

Conversely, in 2023, while the tooth fairy’s payouts decreased, the S&P 500 rebounded with a 24% gain, reflecting the resilience of the economy amidst challenges such as high interest rates and soaring inflation.

The survey results indicate that even the whimsical tradition of tooth fairy visits is not immune to the economic realities faced by households in an inflationary environment. As families navigate financial pressures, even the small joys of childhood may feel the impact of broader economic trends.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

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Money

Workers rush back to their desks over job fears

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Workers across Australia are rushing back to their desks, driving office utilisation rates to their highest levels since February 2020.

Tuesdays, Wednesdays, and Thursdays emerge as the busiest in-office days, contrasting with the continued reluctance to return on Fridays.

This insight, drawn from XY Sense data based on 18 enterprise customers in Australia employing approximately 68,000 individuals across 127 buildings, reflects a significant shift in workplace dynamics.

The surge in office attendance coincides with a resurgence in workplace attendance mandates and policies linking physical presence to bonuses and performance reviews.

However, co-founder of XY Sense, Alex Birch, suggests that rising job insecurity, rather than these policies, primarily drives this behavioral shift.

“The pendulum has moved towards the employer, and therefore people feel more obliged to go back into work,” commented Mr. Birch.

Job market

Danielle Wood, chairwoman of the Productivity Commission, anticipates this trend to persist as the job market softens.

She notes a disparity between employer and worker perceptions regarding the productivity benefits of hybrid work arrangements, hinting at potential shifts in the employment landscape.

Meanwhile, economists at the e61 Institute observe a partial reversal of the pandemic-induced “escape to the country” trend.

Rent differentials between regional and capital city dwellings, which narrowed during the pandemic, are now widening again.

This trend suggests a diminishing appeal of remote work options and a return to urban commuting.

Aaron Wong, senior research economist at e61, said the emergence of a “new normal,” characterised by a hybrid lifestyle that blends access to office spaces with proximity to lifestyle amenities such as natural landscapes.

While regional rents decline, rents for homes on the urban fringe surge, reflecting evolving preferences shaped by remote work opportunities.

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Money

Why resilient economy is fuelling demand for Australian property

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Despite inflationary pressures, Australian house prices have surged to a record high for the fifth month in a row, as indicated by CoreLogic data.

Australian house prices have not only weathered inflation but have also soared to unprecedented levels, marking the fifth consecutive month of record highs, according to data from CoreLogic.

This resilience reflects the enduring demand for property in the country, showcasing the sustained interest of buyers despite challenging economic conditions.

VentureCrowd’s Head of Property, David Whitting, talks how investors can access alternative ways of property investing.

Presented by VentureCrowd #funding futures #housing #economy

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Money

Three reasons why you don’t need to panic about inflation

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Inflation in the US has exceeded expectations for the third consecutive month, driven by increases in essential commodities such as oil, electricity, takeaway food, and medical costs.

  1. Despite a 3.8% year-on-year rise in CPI, it’s notable that this figure has decreased from its previous 9% high.
  2. The robust CPI and economic growth numbers suggest a positive outlook for US corporate earnings.
  3. The S&P500 has seen five 1% drops this year, all of which were met with investors buying the dip.

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