- Student Loan Debt Is Keeping Adult Kids From Leaving the Nest
- 64 Countries Have a Smaller Gender Pay Gap Than the US, Study Says
- Trick-or-Treaters Want Cash, Not Treats
- Why the Travel Industry’s Favorite New Word is ‘No’ – and What to Do About It
- Your Early Holiday Present: Gas at $3 a Gallon or Less
- Nearly Half of US Workers Don’t Have a Work-Based Retirement Plan
- Lotteries Are Losing Their Allure With Some Customers
- Hundreds of Americans Surrender Citizenship to Avoid Taxes
Nearly one in 10 young adults have gone into debt to attend a wedding in the past year, says a new online survey done for CouponCabin. About the same number of adults under 35 plan to attend three or more weddings in the next 12 months. Sounds like trouble.
On the other hand, 25 percent of all adults have declined to attend a wedding because of the cost. That makes sense.
Among the other survey results:
- 48 percent of all adults plan to attend a wedding this year.
- Overall, 5 percent of adults who attended a wedding in the past year have debt from it.
- 9 percent of adults have declined to be a member of the wedding party because of additional costs.
The survey doesn’t specify how much debt guests took on, but those who can’t afford to go may want to discuss that with the couple, rather than put the wedding expenses on a credit card. The couple will likely understand, CouponCabin says.
CouponCabin also offers some ideas to cut down the cost of attending, such as sharing hotel rooms and making a gift rather than buying one.
Do you have other suggestions to make the cost of attending a wedding more affordable? Share them on our Facebook page.