Try not to feel guilty while reading this…but we had to share!
American Express released the results from a new new survey and found that costs for wedding guests in 2016 is up 5% to a whopping $703 per wedding. And the average American will attend 3 weddings this year. Ouch.
And if you’re a millennial, the news is even worse for you…your cost per wedding is $893, which is up 27% from the general population. But I guess this makes sense, considering millennials are in prime wedding time at this stage of their life.
Here’s what wedding guests can expect to spend their money on:
The Wedding Party:
Members of the wedding party can expect to spend $743 (vs. $701 in 2015), a total cost which includes airfare ($205), outfit ($166), and childcare or pet care costs ($69).
Americans expect to spend an average of $127 on wedding gifts for relatives (vs. $142 in 2015), while the average amount to spend on a friend’s wedding is $99 (vs. $90 in 2015). The gift of choice is still something off the registry (vs. cash).
While all of this sounds like a lot, it is peanuts compared to the average wedding cost (which I’m sure you are ALL aware of right now).
You can read more about the study here.