CNBC cited the results of a survey by the Thriving Center for Psychology (USA) which showed that nearly three-quarters or 75% of people belonging to Gen Y (born between 1981 and 1995) and Gen Z (born between 1981 and 1995) middle born). (Approximately from 1996 to 2012) In today’s economic conditions getting married is considered very expensive.
In the US, the average cost of hosting a wedding in 2022 is $30,000, up $2,000 from last year due to inflation.
Janet Counts of Front Royal, Virginia, told CNBC that she and her husband had only been married a year and a half and spent less than $15,000 on their entire wedding at the time.
In addition, whereas about 10 years ago most couples were “funded” by their parents for the cost of organizing their wedding, couples now have to pay for nearly half or more of their wedding costs themselves. .
Hence, many couples become more cautious while planning their wedding with the most economical cost.
California-based wedding planner Jason Rea told CNBC that in order to save money, more and more young couples are feeling more comfortable holding a smaller, all-inclusive wedding reception. relatives and friends.
Mr. Ri also shared that in order to save money on wedding costs, young couples should focus only on what is most important to them, such as the bride and bridesmaids using artificial flowers instead of real flowers. Can
Some couples may also consider renting everything from the wedding flowers, jewelry, and even the bridal gown for their wedding.
Miriam Williams, co-founder of LINE London bridal rental company in Atlanta, says the next generation of brides thinks more about experiences rather than memories, as most American brides used to buy their own wedding gowns and get them as a special memento. kept as
Alternatively, couples may also consider more recently established matrimony companies as they offer lower cost options.
While most young couples shy away from getting married because it’s expensive, about 66% of them also feel the money spent on the wedding is worth it, according to The Knot’s annual research.