Times are tough, and we are all tightening our belts. One area we aren’t cutting back on is our kids’ high school prom.
Despite continuing economic sluggishness, when it comes to high school proms, Americans are partying like it’s 1999. This year, families with teenagers will spend an average of $1,078 each on the prom, a 33.6 percent increase over the $807 spent in 2011. Consumer Affairs
Speaking as a guy whose girlfriend had to drag kicking and screaming into the tuxedo place to spend $50 on a rental (it was that long ago) I guess I can’t relate. But apparently this prom madness is everywhere. Here are some regional statistics on prom spending:
- Northeastern average: $1,944
- Southern average: $1,047
- Western average: $744
- Midwestern average: $696
And, it seems that the brokest among us spend the most. Families earning $20,000 to $30,000 spend an average of $2,635 on a dress or a tuxedo, limousine rental, flowers, food, accommodations, and parties after the party.
It’s madness. I see two culprits: TV shows like “My Super Sweet 16”… and parents that can’t say “No.” What are your thoughts?
BTW, the article also explains ways to cut some of these outrageous costs, so check it out!