http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/how-much-should-you-spend-on-your-little-prom-queen/article2418276/Where to even start with this one?
"For Grade 8 graduations, more families are dropping $450 for limos or $100 for professional photographers to immortalize the occasion.""
Spending $90 on a professional make-up artist might seem an excessive extra, but some parents approach it as
a good investment, fearing that otherwise their tweens may plaster on eyeliner and lipstick trying to create their favourite celebrity look. "
Oh, yeah. That
investment will pay huge dividends over the years to come.
There's a whole lot of crazy Consumerism in that article and, to be fair, the writer does take a pretty negative tone. But here's the clincher:
"The same poll found that families who make less than $50,000 a year plan to spend more than their wealthier counterparts."Wealth doesn't always happen by accident, but it can be destroyed by repeated attempts to appear even wealthier.
