Why You Shouldnt Have An Expensive Wedding

If you’re about to get married, and your fiancée is complaining you’re being, well, just a teensy bit too thrifty in your big-day spending, or if you’re a married man whose wife feels you cheaped out on the big day, you’ve got some powerful new ammo to argue back with. You see, day it turns out that if you spend more money on your own actual wedding, you’re more prone to get divorced.
Two professors of economics at Emory University, Hugo Mialon and Andrew Francis, just released a scholarly study where they surveyed the marriage lengths and wedding costs of over 3,000 people. Their conclusion: we find evidence that marriage duration is inversely connected with spending on the gemstone and marriage ceremony.”
See, according the , the common wedding in america runs about $30,000, but Mialon and Francis argue that you shouldn’t be spending anywhere near that. Quite simply, it might be a good idea to control your wedding expenses
In particular, in the sample of women, the hazard of divorce associated with spending more than $20,000 on the wedding is 3.5 times higher than the hazard of divorce associated with spending between $5,000 and $10,000,” the report states.
It doesn’t stop there though. You know those De Beers ads telling you to spend months of salary on an engagement ring? They might actually cause you to be divorced sooner. On an engagement ring , you want to be spending between $500 and $2,000 as opposed to higher numbers:
Spending between $2,000 and $4,000 on an engagement ring is significantly associated with an increase in the hazard of divorce in the sample of men. Specifically, in the sample of men, spending between $2,000 and $4,000 on an engagement ring is associated with a 1.3 times greater hazard of divorce in comparison with spending between $500 and $2,000.” (Once you go into higher numbers, like over $8,000, the risk of divorce decreases, but don’t tell your fiancée that.)
The costs, and complication, of weddings have been increasing the past decades, and one which Francis and Mialon think will continue. This can be a troubling trend that we believe is driven in large part by the profit motives of the wedding industry,” the study’s authors told me in an e-mail.
The study’s finding actually went way beyond what they’d expected to find:
At the outset, we actually expected to find no correlation at all between wedding expenses and marriage duration, which would have been an interesting result too. The multi-billion dollar diamond and wedding industries have succeeded to make a lot of us (men and woman alike) think that expensive engagement rings and weddings are positive correlated with marriage duration. But we found a poor correlation,” they said.
The reason behind all of this might all be pretty simple. Save money on your own wedding, go more into debt, and you will increase the stress on your own marriage, or within their words it’s possible that wedding expenses improve the probability of marital dissolution considering that prior literature suggests a connection between economic stress and marital dissolution.”

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