The Shocking Average Prom Cost For This Year
How much did it cost you to go to Prom?
I can't remember exactly, but I'll say it wasn't as much as people are paying now days!
According to a new survey this year, it'll cost an average of $1,139!
That includes the tickets, a dress or tux, a fancy dinner, and a limo. What ever happened to just going to the Olive Garden?!?
That's a 5% increase over last year, which makes it two years in a row that prom expenses have risen faster than inflation.
Parents will cover 59% of their kids' prom expenses (that's more generous than mine were) while the kids cover the rest themselves.
And families who make LESS money actually end up shelling out MORE for prom than families who are in better financial shape.
Families making less than $50,000 a year will spend $1,245 on the prom, while families making more will spend about $100 less . . . $1,129.
And single parents will spend $1,563 . . . more than DOUBLE what married couples will spend.
I've decided Prom is becoming the teenage wedding, in terms of cost and what not. How do you fall, are you above or below the average?