Prom spending falls 14 percent; men's spending doubles women's

April 1, 2015 3:44 PM

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Prom spending falls 14 percent; men's spending doubles women's

National spending for prom was an average of $978 in 2014, a 14 percent drop when compared to the previous year, according the Visa Prom Spending Survey.

Men spent more than double the amount on prom than women, $1,357 to $673 respectively. Parents aged under 40 spent almost 30 percent more than older parents.

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