What is the claimed average cost of a wedding in the U.S.?
This value is *widely* distributed in the media, on social media, and in online forums.
Other estimates come from Conde Nast Bridal Infobank and The Fairchild Bridal Group.
How can an average wedding cost $35,329 when 62% of American have less than $1,000 in their savings account and only 10-20% have more than $1,000 in savings? (Perhaps this is because they spent it all on weddings and are now complaining they have no money?)
In my state, about 1 in 4 children live in poverty. More than 1 in 4 citizens qualify for Medicaid, which has extremely low income levels for qualifying.
The only way these numbers can all be true is a small number of people spend a huge amount on weddings or a large number live in poverty because they spend a lot on elective luxuries like high end weddings. Or the wedding estimates are bogus.
This survey is likely designed to produce a high dollar figure for the purpose of “anchoring” brides and grooms into an expectation of how much they should spend: The wedding industry wants you to believe you must spend a small fortune on your “special day”.
By anchoring this value, this “grounds” brides (especially) into how much is appropriate. But this is propaganda designed to set your expectations as to how much you should spend! Once this value is in mind, one’s costs will soon grow to fit with in this “budget”!
Undoubtedly there will soon be a Federal program to provide loans and direct subsidies to needy couples!