Families spend big bucks to keep kids entertained

So much for the lazy days of summer; most families will spend big bucks to keep their kids busy over the long break.

A new survey by American Express says families will spend more than $16 billion on entertaining children this summer.

That breaks down to an average of $600 per family, though many families will spend a lot more.

The money goes for activities like sleep away camp, day trips to amusement parks, sports and summer classes.