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Families are spending big bucks on prom

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A Visa survey finds on average, families expect to spend $1,139.00 on prom this year.


That's up about 40 percent from two years ago, but only a slight increase from last year.


Families in the Northeast expect to pay the most, while Midwestern families gave the most frugal estimate.


Visa surveyed more than 1,000 parents of prom-aged teens for the study.


The survey also found parents will foot about 60 percent of the prom bill, while teens cover about 40 percent.

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