$1,078 on prom expenses? We're not kidding
If you're the parent of a high-schooler, you're probably deep into prom preparation at this time of year. And if a new Visa survey is correct, you're complaining about how expensive it is. American families with teenagers say they plan to spend an average of $1,078 on prom clothes, transportation, food, tickets and incidentals, a 33.6 percent increase over the $807 they spent last year, Visa reports.