April 1, 2014
When we consider economics, marriage is the coming together of love and capital at a cost. The cost of marriage has been found on “Average wedding bill hits $30,000” which equates to a deposit on real estate, a new car, as well as one year of tuition.
“Couples spent an average of $30,000 on their wedding last year — a record high. Wedding budgets have grown for the past two years, with newlyweds (or their families) shelling out an average of $29,858 for the big day in 2013, up 5% from the previous year, according to a survey of 13,000 brides and grooms by wedding website TheKnot.com,” reports CNN Money.
“Average Wedding Cost. On average, US couples spend $25,200 for their wedding. However, the majority of couples spend between $18,900 and $31,500. This does not include cost for a honeymoon,” posts Cost of A Wedding.
If this cost of weddings is a significant factor to determining the economy there needs to be more. At what price does this cost effect the average couples development of hearth and home.