Designer gowns, oversized limousines and over the top spending. It's become quite the norm in recent years when it comes to senior proms, but a new survey suggests the prom spending bubble has popped.
Teens and their families expect to spend an average 978 dollars on prom this year. That's still a lot but it's down 14 percent from 11-hundred-39 bucks last year. Visa surveyed more than 12-hundred parents of prom-aged teens for this study.