And, what exactly is a promposal? It's like a wedding proposal, but rather than asking for one's hand in marriage, a teen is asked to attend a one-night, sequin-filled dance where a couple will probably only stay about an hour.

Promposals are such a huge trend, MTV even dedicated a special to them earlier this week.

Visa said in a press release that this is the first year they've looked at promposal costs specifically, but they noted that total prom spending is actually down this year from $978.

The recently released survey also looked at prom spending in Canada, for comparison. Apparently our neighbors to the north are a little more practical. They plan to spend about $500 on the actual prom and only about $150 on the promposal.

Want to know more about promposals? Enjoy a sampling below.