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It’s spring,and you know whatthat means the start of prom season . . . and if your kid wants to go,it’s gonna cost you.

–A survey by Visa found that the average prom costs $1,078, up more than 33% over last year.

–The survey also found that families that earn the LEAST spend the MOST on prom preparation. Families that make under $50,000 a year spend $1,300 on the prom . . . and families that make $20,000 to $30,000 spend DOUBLE that, $2,600.

–On average, parents cover 61% of their kids’ prom expenses, while the kids only pay 39%.

you can Read More @

http://www.prnewswire.com/news-releases/visa-survey-prom-spending-surges-33-nationwide-147328105.html