Families expect to spend an average $983 on graduation parties for their high school and college students, according to party planning website GraduationParty.com. The average party takes place on a Saturday afternoon and includes 90 guests. Also:
• Two in three (67%) host parties in their own homes; 33% hold the event at a party room, park, or rental hall.
• 53% do not serve alcoholic beverages, 26% purchase food from a restaurant, and 28% hire a caterer.
• 47% use some type of Internet-based media to invite guests.
• 56% rent party equipment, such as tables, chairs, and tents.
• 37% complete some type of home improvement project, such as painting or deck repair, in order to prepare for a graduation party, spending an average $1,633 per project.
• 10% co-host parties with other graduates in order to save money.
• “Order less food” is the top response those who have hosted graduation parties in the past would do differently. [Consumer Spending & Attitudes]
Source: GraduationParty.com, Ginger Venable, 9172 Victoria Dr., Eden Prairie, MN 55347, 952-934-0932; ginger@graduationparty.com; www.graduationparty.com.
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