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Paying for Prom

Consumer Skills

KAHOOT�VERSION

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  1. Data from an Ohio State University Economist shows that over time, prom has:

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  1. remained at the same price
  2. decreased in price
  3. increased in price
  4. gone up and down in price, sporadically

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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  • Data from an Ohio State University Economist shows that over time, prom has:

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  • remained at the same price
  • decreased in price
  • increased in price
  • gone up and down in price, sporadically

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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2. On average, how much does high school prom cost per student?

  1. About $5,000
  2. $2,500 - 3,000
  3. $1,500 - $2,000
  4. $400 - $1,000

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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2. On average, how much does high school prom cost per student?

  • About $5,000
  • $2,500 - 3,000
  • $1,500 - $2,000
  • $400 - $1,000

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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3. The top 2 most expensive purchases related to prom are:

  1. jewelry and shoes
  2. suit and accessories
  3. purse and hairstyling
  4. attire and prom tickets

CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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3. The top 2 most expensive purchases related to prom are:

  • jewelry and shoes
  • suit and accessories
  • purse and hairstyling
  • attire and prom tickets

CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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4. Which one is a problem for teens trying to save money for prom?

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  1. Many need to save for college, too.
  2. Many will go directly to the workforce.
  3. Many will choose not to attend.
  4. Many might not feel pressured to go at all.

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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4. Which one is a problem for teens trying to save money for prom?

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  • Many need to save for college, too.
  • Many will go directly to the workforce.
  • Many will choose not to attend.
  • Many might not feel pressured to go at all.

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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5. True or False? Limousine services increase prices during prom season.

  1. True
  2. False

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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5. True or False? Limousine services increase prices during prom season.

  • True
  • False

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CASH FLASH FROM THE PAST| MAY 27, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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You’ve completed the exercise, now it’s time to learn

more about the current event:

PAYING FOR PROM | JUNE 3, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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Discussion Prompt:

Would you (or have you) spent a lot of money on prom? Why or why not?

PAYING FOR PROM | JUNE 3, 2022 EDITION | NEXT GEN PERSONAL FINANCE

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Extend Your Learning

Three Relevant Resources from NGPF:

  • Comparison Shopping (Full Lesson)
  • PLAY: The Bean Game (Activity)
  • What’s the Catch? Be a Savvy Consumer (Case Study)

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References:

  • Prom costs on the rise (WTAJ News)
  • How much does it cost to go to prom? We added up some average prices (Pennlive)
  • How to keep prom costs down (NBC)
  • Prom Costs: How much will attending Prom 2022 Cost? (Amarra Blog)

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PAYING FOR PROM | JUNE 3, 2022 EDITION | NEXT GEN PERSONAL FINANCE