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We can ALL agree that planning your wedding isn't a cheap task, but it turns out that going to a wedding also isn't cheap anymore in 2023!
Thanks to a new survey from Bankrate, it's expected the a wedding guest will spend an average of $611 to attend just one wedding in 2023 and our immediate reaction is to decline the wedding invite and send a nice gift!
Inflation and higher interest rates seem to be the main cause of the price increase, but here is some of the breakdown of that $600 expense:
- An average of $287 per event on travel and accommodations
- $180 on gifts
- $144 on attire and grooming.
The survey also says that Gen-Z plan to spend the most overall on attending weddings at $1,211, followed by millennials at $1,191. We think we'll just be a little more selective on the weddings we go to this year and recycle some outfits!
(Bankrate)