Financial Literacy for Everyone

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Prom Spending Survey

A new nationwide survey released by Visa Inc. shows that American households plan on spending a whopping $324 on promposals. Promposals have become significantly more extravagant in recent years and now represent in excess of one third of the $919 total that the average prom-going teen will spend on the dance this year.

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The survey results are based on 2,033 telephone interviews conducted nationally from July 16-19 and August 6-9, 2015, in cooperation with ORC International’s Omnibus Service “Telephone Caravan." View research.