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Everybody Loves Your Money
Everybody Loves Your Money
Business
Brandon Marcus

Why Do Families Take on Debt for Graduation Parties?

Image Source: 123rf.com

Picture this: caps flying through the air, proud parents snapping photos, and the smell of barbecue drifting from the backyard. Graduation is a milestone worth celebrating, but in recent years, these parties have evolved from modest backyard gatherings into full-blown extravaganzas. Think DJ booths, catered spreads, custom photo backdrops, and even rented venues.

With rising expectations and a little pressure from social media, many families find themselves spending far more than they intended—sometimes even swiping their credit cards to cover the costs. But why are graduation parties turning into debt traps?

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