Apparently birthday parties have REALLY changed since we were kids. I don’t remember anyone serving caviar or hiring Color Me Badd to perform.
A new study found the average parents today spend $450 on each birthday party for each one of their kids, every single year. And that’s BEFORE they spend $250 on presents.
The most expensive thing is the entertainment . . . then the food, the decorations, and the party favors.
71% of parents say they’re planning to cut costs for the next round of birthdays . . . but a majority of them say they’re pretty sure they won’t be able to.
And yes, a BIG reason for spending all that is to show off. 81% of parents say they want to make sure their kid’s party is better than all the other kids’ parties.
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