Price of prom on the rise
(CNN) — Prom season is upon us, and that means big spending. A Visa survey finds on average, families expect to spend $1139 on prom this year. That's up about 40 percent from two years ago, but only a slight increase from last year.
Families in the northeast expect to pay the most, while midwestern families gave the most frugal estimate.Visa surveyed more than one-thousand parents of prom-aged teens for the study.
The survey also found parents will foot about 60 percent of the prom bill, while teens cover about 40 percent.