Americans Spend 6 Times as Much on Weddings as Europeans Do: Here’s Why

Americans Spend 6 Times as Much on Weddings as Europeans Do: Here’s Why Photo (cc) by laura dye

The average cost of a wedding in the U.S. tops $31,000. If that sounds alarmingly high, it’s because it is, especially when you consider that $31,000 is more than half the average U.S. household income.

Maybe Americans could learn a few things from their European neighbors. According to MarketWatch, a low-key $5,000 wedding is fairly commonplace in Europe.

“People tend to remember a quiet ceremony and dinner as much as those who’ve had a big wedding,” says Ian Bright, senior economist at ING Group Research in London.

The average European couple who said “I do” in the last five years spent a median of just 5,000 euros (or $5,495 USD).

“As austerity has gripped Europe, brides and grooms have been content with opting for the economical over the extravagant, with only one-third of couples married in the last five years feeling their wedding would have been better with a bigger budget to spend,” the ING report found.

Also, a pan-European survey by ING revealed that 60 percent of people in Europe said they’d rather spend money on their house than a wedding, a percentage that’s even higher in the struggling countries of Spain (70 percent), Italy (68 percent), and the U.K. (67 percent), where they’ve been experiencing rising house prices.

It’s interesting that Europeans have seemed to tone down weddings at a time when Americans are continuing to drain their accounts (or go into debt) funding a big dream wedding.

Want to spend less? Check out “15 Ways to Save Big on Your Dream Wedding.”

How much did you spend on your wedding? Share your comments below. And if you know someone about to tie the knot, share this post!

Popular Articles

27 Money-Saving Ways to Use Vinegar in Every Room of Your Home
27 Money-Saving Ways to Use Vinegar in Every Room of Your Home

Vinegar is arguably the most versatile product in your house. If you aren’t using it for all of these purposes, you’re probably wasting money.

5 Ways to Keep Your Aging Brain Sharp
5 Ways to Keep Your Aging Brain Sharp

Forget young at heart — science says these tricks will keep you young in mind.

8 Reasons You Need to Stay Fit After Age 50
8 Reasons You Need to Stay Fit After Age 50

The benefits are huge when you make exercise part of your life as you age. Saving money is just one reason to get started.

View this page without ads

Help us produce more money-saving articles and videos by subscribing to a membership.

Get Started

Trending Stories

Comments

960 Active Deals

More Deals