The majority of couples, The Wedding Report says, spend less than $10,000 on their weddings. ... Like those who bought smaller rings, couples who had cheaper weddings suffered less stress over wedding-related debt. In fact, couples who spent less than $1,000 on their weddings cut their stress levels by over 80%.
An expensive wedding comes with risks, too. A man whose wedding costs under $1,000 has half the risk of getting divorced as a man whose wedding was priced between $5,000 to $10,000, the study found. And a woman with a wedding cost of over $20,000 experiences a 1.6 times likelier chance of a divorce.
To conclude, although many people believe that spending a lot of money for marriages would bring happiness and contentment, I personally think that such occasions are a waste of money. Saving this money for use in the future is a much better idea.
From a strictly financial standpoint, an expensive wedding* is not a sound financial investment for most people. However, many couples express that their expensive weddings were “worth it” as long as they knew what the cost would be beforehand and they did not go over budget.
The average cost of a wedding in 2019 was $33,900 (including the engagement ring, ceremony and reception), according to The Knot's 2019 Real Weddings Study. Here's what you should know about wedding costs and how to realistically estimate how much you'll spend to take the plunge.
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The most commonly reported major contributors to divorce were lack of commitment, infidelity, and conflict/arguing. The most common “final straw” reasons were infidelity, domestic violence, and substance use. More participants blamed their partners than blamed themselves for the divorce.
Specifically, the study found that women whose wedding cost more than $20,000 divorced at a rate roughly 1.6 times higher than women whose wedding cost between $5,000 and $10,000. ... The Emory study also found that the greater the number of people who attend a wedding, the lower the rate of divorce.
62% of divorces were on the petition of the wife. As of 2015, 60% of marriages are expected end in divorce by the 20th wedding anniversary.
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