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Fairy big news

Just in time for the Democrats to tout as a sign of economic recovery at their convention comes the news that the Tooth Fairy is leaving kids more cash this year than last.

According to a survey by Visa, the average tooth under the pillow brings $3 in 2012, as opposed to $2.40 in 2011. That’s a 15 percent increase.

“The Tooth Fairy may be the canary in the economic coal mine.  She’s showing signs of life by leaving 40 cents more per tooth this year,” Jason Alderman, senior director of Global Financial Education, Visa Inc., said in a news release.

And because this is obviously too big of a decision to make on your own without technological help, Visa has set up an iPhone and iPad app (available via the iTunes Store) and calculator to tell you how much to slip your youngster after he or she loses a tooth.