Wed02262020

Robins Global News & Noticias



  • Gaming Chair Review
    Gaming Chair Review
  • IT Career News
    IT Career News
  • Microsoft Exam
    Microsoft Exam
  • Youtube Marketing Guide
    Youtube Marketing Guide
  • Slot Game Review
    Slot Game Review
  • All Elite Wrestling
    All Elite Wrestling

RobinsPost News Network

+ Larger Font | - Smaller Font
Share

Consumer Daily Reports

Consumer News: Survey shows 45 percent of couples borrow money to pay for weddings

PhotoOver the years, weddings have moved a long way from “something old, something new, something borrowed, and something blue.” Those things rarely cost very much.

Today’s weddings can be insanely expensive, and if the happy couple is paying for it themselves, the marriage can start off with a mountain of debt. 

A new study by LendingTree found that around 45 percent of married couples between the ages of 18 and 53 went into debt to pay for their wedding. And not surprisingly, that financial decision rocked the marriage boat.

Of those who borrowed money to pay for their wedding, nearly half said the fallout from that move caused at least one of the partners to consider getting a divorce. Meanwhile, divorce appears to be much less likely among couples who manage to get married without going into debt. Only 9 percent of those marriages end up in divorce court.

Getting married is a big step and is stressful enough, but the survey found going into debt to pay for it just piled on the stress. Seventy-six percent of those debt-ridden newlyweds said they argued about wedding-related expenses before and after the big day.

Less spending = fewer arguments

Again, couples who didn’t borrow money to pay for a wedding had fewer arguments -- at least about money. 

Interestingly, financing a wedding appears to influence how married couples deal with each other on financial issues well after the wedding. Thirty-six percent of couples still paying off their wedding reported that they frequently argued about money. Only 11 percent of couples with no wedding debt found themselves engaged in financial arguments.

For couples planning a wedding, the study offers a clear wake-up call. Planning an event that requires a bank loan is not just a risky financial move it can pose trouble for a relationship. One in four newlyweds says they wish they spent less on their wedding, especially for food and beverages.

About a third said family members of the bride and groom added to the tension during the planning process, suggesting that at least some of the spending was due to family pressure.

The average U.S. wedding cost more than $33,000 in 2017, not counting the honeymoon, according to wedding planning website The Knot. That’s slightly lower than 2016, which the editors attribute to couples deciding to avoid formal affairs and instead choosing non-traditional ceremonies and venues.



Posted: 2019-07-10 13:50:06

Get Full News Story On Consumer Affairs


Listen to this article. Speaker link opens in a new window.
Text To Speech BETA Test Version.


Print Friendly and PDF
'
'


Related News Stories From The Web And More

Related Bing News

Consumer News: Survey shows 45 percent of couples borrow money to pay for weddings | Consumer Daily Reports | RobinsPost News Network - Newscast

Here Are 5 Really Black Things You Can Do with Your Money This Month

Thu, 13 Feb 2020 10:46:00 GMT

Black-owned banks and Black-owned credit unions play a key role in leveling the playing field so Black Americans can save their money and borrow for business loans and mortgages without fear of ...

50 Rules You Didn’t Know ‘Bachelor’ and ‘Bachelorette’ Contestants Have to Follow

Tue, 11 Feb 2020 10:14:00 GMT

For starters, you don’t own it. The show does. Sure, you get to wear it, but if you break up in less than 2 years you a hundred percent are not allowed to sell it.

This Bride Wanted Guests To Pay £1000 So She Could "Be A Kardashian For A Day"

Thu, 30 Aug 2018 02:31:00 GMT

“I laughed in his face, but he was dead serious. He wanted those cheap, raggedy, filthy wh*re like Vegas weddings,” Susan wrote. “Am I supposed to like the idea of getting married in the ...

This Bride Wanted Guests To Pay $1,500 So She Could "Be A Kardashian For A Day"

Wed, 29 Aug 2018 11:40:00 GMT

“I laughed in his face, but he was dead serious. He wanted those cheap, raggedy, filthy wh*re like Vegas weddings,” Susan wrote. “Am I supposed to like the idea of getting married in the ...

50 Must-Know Money-Saving Wedding Tips

Fri, 06 Jan 2012 17:30:00 GMT

A lot goes into a wedding—including money. That's why ... With so many different things that couples can shell out on, it's no wonder that bills begin to rack up fast. That's where our expertise ...

Related News Story Videos From Youtube

  • This Service Is Coming Soon.





  • Blow Us A Whistle

    Comments (Whistles) Designed By Disqus




    Company Information

    Official Content Providers











    PRIVACY POLICY

    We recommend Firefox 3 (and above), Edge, and Chrome for dynamic performance.
    © 2008-2020 RobinsPost (The Bird's Eye View Company) All rights are reserved.
    RobinsPost provides links to news sites based on their RSS feeds.
    All trademarks, copyrights, videos, photos and logos are owned by news sources.
    News stories, videos and live streams are from trusted sources:
    Bing News, Google News, Faroo News, NewsApi.org and YouTube Search Results.
    ROBINSPOST Is Proudly Made In America.
    Where Quality, Safety and Service Comes First.