{"id":6455,"date":"2012-04-16T18:04:32","date_gmt":"2012-04-16T22:04:32","guid":{"rendered":"http:\/\/www.ezrasf.com\/wplog\/?p=6455"},"modified":"2019-01-02T10:25:47","modified_gmt":"2019-01-02T15:25:47","slug":"prom-signalling","status":"publish","type":"post","link":"https:\/\/www.ezrasf.com\/wplog\/2012\/04\/16\/prom-signalling\/","title":{"rendered":"Prom Signalling"},"content":{"rendered":"<blockquote><p>&#8220;Prom season spending is spiraling out of control as teens continuously try to one-up each other,&#8221; said Jason Alderman, senior director of global financial education for Visa. &#8220;It&#8217;s important to remember that the prom is a high school dance, not a wedding, and parents need to set limits in order to demonstrate financial responsibility.&#8221;<\/p><\/blockquote>\n<p>From\u00c2\u00a0<a href=\"https:\/\/www.ajc.com\/lifestyle\/average-prom-cost-tops-1418698.html\">Average prom cost tops $1,000 per teen<\/a>.<\/p>\n<p>Actually, just like a wedding, it is an opportunity for parents through their kids to exploit <a href=\"http:\/\/jom.sagepub.com\/content\/37\/1\/39.abstract\">signaling theory<\/a> to communicate they are doing fine financially to members of the community. Some economists complain of similar signalling such as cars that cost more than a house, expensive clothes, and\u00c2\u00a0elaborate\u00c2\u00a0parties. I seriously doubt children, even teenagers, force their parents to buy things the parents are not willing to buy. Otherwise there would be lots more boys dying in 100+mph car wrecks because they got a muscle car. (Boy do I love to use strawmen.)<\/p>\n<p>Plus, prom is a status war. This year&#8217;s people have to out spend last year&#8217;s. You want to show you are doing better than the previous year&#8217;s people. This is because prom is a replication of <a href=\"https:\/\/www.randomhistory.com\/1-50\/004prom.html\">debutante balls<\/a>. But again, I think it is the parents outspending each other not the kids.<\/p>\n<p>This may be the one time it is good for me not to have children.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Prom season spending is spiraling out of control as teens continuously try to one-up each other,&#8221; said Jason Alderman, senior director of global financial education for Visa. &#8220;It&#8217;s important to remember that the prom is a high school dance, not a wedding, and parents need to set limits in order to demonstrate financial responsibility.&#8221; From\u00c2\u00a0Average [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"activitypub_content_warning":"","activitypub_content_visibility":"","activitypub_max_image_attachments":4,"activitypub_interaction_policy_quote":"anyone","activitypub_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[998],"tags":[2455,358,2457,2380,2456,3404,2064],"class_list":["post-6455","post","type-post","status-publish","format-standard","hentry","category-fashion","tag-debutante-balls","tag-economists","tag-financial-responsibility","tag-posted-2012","tag-signaling-theory","tag-social-signaling","tag-straw-men"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p1rUBW-1G7","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/posts\/6455","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/comments?post=6455"}],"version-history":[{"count":0,"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/posts\/6455\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/media?parent=6455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/categories?post=6455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ezrasf.com\/wplog\/wp-json\/wp\/v2\/tags?post=6455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}