Proms Provide Political Platform

Apr
19
Posted Thursday, April 19th 2012 at 11:43am
Tagged:  

Here’s an idea for economic stimulation: A fall and spring prom. Why? Well, despite a recession, the costs involved in the traditionally once-a-year, school-sponsored bash have skyrocketed and no one seems to care. A new survey by Visa based on 1,000 telephone interviews reveals American families spending an average of $1,078 on the prom this year, a 33.6 percent boost over the $807 spent in 2011.

 

Apparently, peer pressure and Hollywood’s influence are predominant reasons behind the willingness to shell out a mortgage payment (or two) for the big night. This is in part why stores advertise prom attire as “red carpet looks.” The Visa study also broke down prom spending by region, too. Midwestern teens spend the least in the country with an average of $696, while eastern families spend the most averaging $1,944. In the west, families will spend an average of $744, and southern families will spend the second most, averaging $1,047. (Really? What do these kids expect for their weddings?)

 

Yet, one statistic that jumps out of the survey and is particularly troublesome, according to Visa, is that parents who fell in the lowest income brackets (less than $50,000 annually) plan to spend the most on prom purchases.

 

More startling stats on proms gone wild:

 

61 percent of prom costs will be covered by parents; teens pay the rest. Since parents contribute the majority, teens don’t feel the need to economize. (That’s Parenting 101, folks!)

 

$20 - 250: Prom tickets, depending largely on location (PromGirl.com)

 

$25 -130: Pre-prom dinner, per person

 

$30 - 275: Hair, makeup, nails, tanning

 

$30 - 125: Prom photos, per person (What about corsages and boutonnieres?)

 

$200 - 500: Limo rental/party bus, split among all riders

 

$100 - 400: Average prom dress cost (tux rental $150 – 200). And, don’t forget shoes and purse to match dress for teenage fashionistas.

 

$695: Prom spending by families earning $40,000-$49,999 a year

 

$842: Prom spending by families earning more than $75,000 a year

 

$1,200: Prom spending by families earning less than $20,000 a year

 

$2,635: Prom spending by families earning $20,000-$29,999 a year

 

$23,050: The federal poverty level for a family of four

 

 

Comments

shobra's picture

Thanks for your submission. I also believe laptop computers have grown to be more and more popular currently, and now are sometimes the only type of computer found in a household. This is because at the same time potentially they are becoming more and more reasonably priced, their working power keeps growing to the point where they can be as robust as personal computers out of just a few years back. العاب مكياج

alexcusack's picture

I never thought about prom like this. It is the other side. Buy my house for cash denver I was not known about this. I am so impressed to see this. Thanks for sharing this here.

Hi, This article is great. you sharing a help full info! I am also sharing a Aam Aadmi Party info. the expenses included in the customarily once-a-year, school-supported bash have soar and nobody appears to give a second thought.

spider2014's picture

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