Proms have become like red-carpet events. That comes at a price.

For some high-schoolers, the senior prom can become a high-priced production. With elaborately staged “promposals,” lavish before-and-after parties, “Say Yes to the Dress”-esque expensive gowns, the prom can resemble red carpet events. One Philadelphia mother spent $27,000 on a pre-prom send-off pa...

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