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Prom 2015: Overall Spending Down!

Prom 2015: Overall spending down, but cost of promposals on the rise

 

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A nationwide survey conducted by Visa found that the average American household will spend $919 on high school’s most storied night — a 6 percent decrease from last year. (Patti Sapone | NJ Advance Media for NJ.com)

Janelle Griffith | NJ Advance Media for NJ.comBy Janelle Griffith | NJ Advance Media for NJ.com
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on April 28, 2015 at 1:30 PM, updated April 28, 2015 at 6:04 PM

Parents of high school students have reason to celebrate: The cost of prom is going down.

A nationwide survey conducted by Visafound that the average American household will spend $919 on high school’s most storied night — a 6 percent decrease from last year.

And while the majority of the annual tab includes the cost of tickets, attire, limousine rental, flowers, photographs, and after party festivities — the single biggest prom-related expense actually precedes the annual dance: the “promposal.”

According to Visa’s findings, the pomp and circumstance of the promposal is on the rise. At least one third of the annual cost of prom — about $324 — will be spent on securing a date to the big dance, according to Visa.

“Prom is a fun night for the kids to get together and dance, but spending $300 plus on a promposal to simply ask your date is exorbitant,” said Nat Sillin, Visa’s head of U.S. Financial Education.

promposal.jpeg“Promposals strike me as a wasteful fad,” said Sean Graw of the bargain-hunting website Bradsdeals.com. (Len Melisurgo | NJ Advance Media for NJ.com)

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