Prom spending up this year

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by Jane King / Bloomberg

Bloomberg

Posted on April 25, 2013 at 7:26 AM

Updated Thursday, Apr 25 at 10:39 AM

If you're planning on flying anywhere, make sure you check the dates first. US Airways is hiking its fee to change many domestic reservations to $200 per person.  And of course on top of that, you may have to pay more for the ticket itself -- if the same fare you originally got isn't available anymore. Rival United announced a similar fee hike earlier this week.

Meantime Twitter is planning to beef up security. Sources tell Bloomberg that the site will be instituting a two-step authentication process to make it harder to gain unauthorized use. This comes after hackers gained access to an Associated Press account and sent tweets faking an attack on the White House.

The economy is improving -- if prom spending is any indication! VISA says spending on the annual high school ritual is up 5 percent this year compared to last, with an average outlay of $1,139!  VISA, by the way, is plugging its new smartphone app. It's designed to help parents stick to their prom budget.

And how long is your commute? Bloomberg took a look at census data -- and on average -- New Yorkers have the longest commute in the nation, with more than a third spending at least an hour to travel from home to work. That's followed by workers in Chicago, Philadelphia, Washington, D.C. and San Francisco. Those in Austin, Minneapolis and San Diego have some of the shortest average commutes -- just under 23 minutes.

 

 

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