If someone told you that you’d lose nearly $30,000 in four years, would you consider that a good investment?
Consider this: According to 2005 U.S. Census Bureau and the National Center for Health Statistics, 1.2 million women annually become first time brides at an average age of 25.3 years old.
The $50 billion wedding industry reports that the average wedding costs $27, 850, with the number of wedding guests averaging 165 people. One third of those weddings are paid for by the bride’s parents! We don’t have figures on how many parents take out loans or tap into their retirement savings to pay for the wedding.
But those same government agencies report that the median age at first divorce for women is 29 years old.
A ‘perfect wedding’ is part of the bride’s conditioning, her fantasy day since she received a Barbie doll for Christmas. She has been planning this wedding in her imagination for years. It doesn't work without a groom. Have you ever met a man who fantasizes about his wedding day? I haven't. Few men besides wedding planners think about weddings. There is no Modern Groom magazine. This is the bride’s big day ; the groom is part of the scenario. It's performance art for him. He’ll go along with it he's not paying for it.
I think if bride and groom can’t pay for 80 percent of their own wedding, they should postpone it until they can. They might work harder at the relationship if they were investing their own money, thereby leaving mom and dad more assets for their retirement.
Consider this: According to 2005 U.S. Census Bureau and the National Center for Health Statistics, 1.2 million women annually become first time brides at an average age of 25.3 years old.
The $50 billion wedding industry reports that the average wedding costs $27, 850, with the number of wedding guests averaging 165 people. One third of those weddings are paid for by the bride’s parents! We don’t have figures on how many parents take out loans or tap into their retirement savings to pay for the wedding.
But those same government agencies report that the median age at first divorce for women is 29 years old.A ‘perfect wedding’ is part of the bride’s conditioning, her fantasy day since she received a Barbie doll for Christmas. She has been planning this wedding in her imagination for years. It doesn't work without a groom. Have you ever met a man who fantasizes about his wedding day? I haven't. Few men besides wedding planners think about weddings. There is no Modern Groom magazine. This is the bride’s big day ; the groom is part of the scenario. It's performance art for him. He’ll go along with it he's not paying for it.
I think if bride and groom can’t pay for 80 percent of their own wedding, they should postpone it until they can. They might work harder at the relationship if they were investing their own money, thereby leaving mom and dad more assets for their retirement.
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