The More Spent On A Wedding Increases The Chance Of Divorce

April 24, 2017

We are getting into the summer wedding season and there’s always the question of "will this marriage last?" Well it all depends on the cash!  In short, the more you spend, the shorter the marriage is.  That's the summary of two Emory University economics professors that wanted to know if out-of-control spending is having an impact on the actual marriage.  Their study looked at 3,000 marriages, all of which was their first and found that it doesn't matter if you're rich or not rich, the more grandiose a wedding is, the greater chance it will end in divorce. Spending more than $20,000 on the wedding ups the odds of divorce by 3.5 times compared with couples who keep it between $5,000 and $10,000. That methodology also covered the ring. For the groom investing between $2,000 and $4,000 on an engagement ring means you’re 1.3 times more likely to get divorced compared those who only spend between $500 and $2,000 on the ring. Perhaps the high divorce rates based on the high cost of the wedding is that couples are putting too much emphasis on the ceremony than the relationship.

SOURCE: OZY

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