Monday, April 29, 2013

Shelling Out for Prom

Do you have a son or daughter who is planning on attending their high school prom this spring? If so you better pull out your wallet, because the price tag for prom is spiraling ever higher. According to a survey taken by Visa, teenagers going to prom are expected spend an average of $1,139 this year.

According to David's Bridal, a leading seller of prom dresses, the average amount that a high school girl spend on a dress there is $170. Spending by boys fluctuates much more, but in the end, it's about the same: Men's Wearhouse says its tuxedo rentals run anywhere from $60 to $200.

Of course, some kids manage to attend prom for a lot less money than that. According to the Visa survey, 12 percent of high schoolers said they wouldn't be spending anything on prom.

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