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Home>UPDATE: As weddings become more elaborate, guests send more regrets

UPDATE: As weddings become more elaborate, guests send more regrets

UPDATE: As weddings become more elaborate, guests send more regrets

10/05/2017

By Kari Paul, MarketWatch

The real reason guests are declining your wedding invite

When it comes to your wedding day, it's not all about you.

If a lot of invited wedding guests are ducking out before your big day, there may be a simple reason: It's not that they don't like you, it's that they don't like your budget. The average wedding attendee now spends $1,386 per wedding (https://lendedu.com/blog/average-cost-of-attending-wedding/), according to a report from LendEDU, and friends and family of marrying couples are increasingly put off by the rising costs of weddings.

Some 40% of wedding guests have skipped out on attending a ceremony due to its cost, a previous survey by travel website Priceline found. The site, which obviously has a vested interest in people booking trips, surveyed around 1,000 millennials in February.

The cost of weddings has dramatically risen each year since the recession. Most people attend three weddings a year on average, the 2016 American Express Spending & Saving Tracker (http://about.americanexpress.com/news/pr/2016/how-consumers-pay-for-others-wedding.aspx) and millennials planned to spend 27% more than the general population on weddings. The average ceremony excluding a honeymoon now cost an average of $35,329, up from $32,641, according to the most recent data from TheKnot.com wedding website.

"Have a dedicated savings account solely for wedding-related costs," said Erin Lowry, author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together (https://www.amazon.com/Broke-Millennial-Scraping-Financial-Together/dp/0143130404). "I began saving for other people's weddings about 3 years ago and it really helped reduce the burden of being invited to or asked to be in other people's weddings." The average attendee spends $529.38 on travel to and from a ceremony, $223.67 on clothing, and $329.55 on the gift, the LendEDU study found.

Don't miss: How to budget for a wedding -- that's not your own (http://www.marketwatch.com/story/how-to-budget-for-a-wedding-thats-not-your-own-2016-04-26)

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