26 notes &
Prom or Wedding - the end of the night typically involves alcohol and unprotected sex.
“Prom is the new wedding” — at least when it comes to the price tag, says Hadley Malcolm in USA Today. The springtime high school dance is becoming extremely expensive. “This is social-arms-race spending,” says Jason Alderman at Visa, which recently released a new survey of prom spending. Here, a look at some of the eye-popping numbers:
$1,078 — Amount the average family with teenagers will spend on prom this year
$807 — Amount the average family spent last year
61 — Percent of the costs parents will cover
$1,200 — Amount spent by families earning less than $20,000 a year
$2,635 — Amount spent by families earning $20,000-$29,999 a year
$695 — Amount spent by families earning $40,000-$49,999 a year
$696 — Average Midwestern family’s prom spending
$1,944 — Average Northeastern family’s prom spending
