Brides.com 2009 American Wedding Survey Reveals: Popping the Question has Popped in Price
43% Increase In Average Cost Of Engagement Rings Since 2006
Balancing the Budget – Average Cost of Weddings See Less Than 1% Rise Over 2006 Price Tag Typical Cost of Wedding Rings Drop
“Clearly, the sparkle — and value — of diamonds has captured the attention and wallets of couples who are keen on making a significant investment when it comes to engagement rings,” said
However, with the majority of couples (82%) setting a budget prior to the wedding and half of brides-to-be (51%) taking the additional step of spending time researching financing for “the big day,” certain checks and balances are being made. According to the survey, the average price of a wedding is virtually unchanged over 2006 costs, seeing less than a 1 percent increase (
In addition, in comparison to the upswing in cost for engagement rings, wedding rings have taken a dip in average price, with the typical duo of bands costing
When it comes to a bride-to-be’s number one most researched item on her wedding to-do list — the wedding gown — an eye is being kept on cost as well, with gown price tags increasing by little less than 2 percent over 2006 (
In terms of other budget considerations, the survey found that more than half of engaged women (58%) expect to use a credit card to help pay for wedding expenses. Payment of the wedding is a combined effort for the most part. Not many single parties are exclusively paying for this wedding. Nearly one in five (19%) of bride’s parents are paying for the wedding outright, while 8 percent of brides are footing the entire bill by themselves.
“A wedding is one of the most treasured celebrations in a couples’ life, so it’s no surprise that certain costs haven’t seen a major decrease. But, that said, it is good to see brides and grooms keeping their eye on budgets too, since this special day marks the beginning of a building a lifetime together,” added Preli.
The release of the 2009 Brides.com American Wedding Study represents
*More of the study’s findings are available, upon request.
Brides.com respondents were women ages 18+; not employed in bridal industry; and, either engaged or just married (wedding date within past year). Brides.com respondents were surveyed between
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