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According to new statistics, financial pressure could be the real reason guests are not showing up to your wedding. With the cost of weddings rising each year, one in twenty wedding guests have had to borrow money in order to attend.
UK consumer advice website Experian conducted a survey that reported that 31% of those who borrowed money to attend nuptials had no clear plan on how to pay it back. Around 1 million people in the UK have spent over £2,000 participating in other people’s weddings over the last year, according to the survey.
Hotel costs, travel, clothing and gifts all add up to heap the pressure on wedding guests. As expectations are rising along with the costs, guests are opting out of attending altogether.
Shockingly, one in six people who are in a relationship are missing the nuptials of a loved one because they cannot afford to attend, which is double the number of single people who have declined invitations.
A quarter of couples have argued about the cost of a wedding, and one in five have opted to foot the entire bill for both to attend the wedding of their own friends and family.
In the US, travel website Priceline reported that 40% of people had skipped a wedding due to its costs. American Express Spending & Saving Tracker found that, on average, most people attend three weddings a year and spent around $703 for each ceremony. Survey participants cited hotel costs as 41% of their expenditures, followed by 21% for airfare and 9% for clothing and accessories.
Since the economic recession, wedding costs have been steadily increasing and all parties are feeling the pinch. Husbands and wives-to-be are urged not to take it personally if guests are a no-show: it’s not you, it’s your budget. Sadly, “for richer for poorer” seems to have taken on a whole new meaning when it comes to wedding celebrations.
For more information check out: www.experian.co.uk/blogs/consumer-advice/wedding-guest-cost-graph
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