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Wedding Bells Blues
Data from The Wedding Report seems to
support the trend of fewer marriages, as the
total number decreased from 2.21 million during
2016 to 2.18 million during 2017.
In addition, total 2017 wedding industry sales
were $56.3 billion, a 2.6% decrease from 2016.
Unsurprisingly, therefore, The Wedding Report
stated the average wedding cost for 2017 was
$25,764, or a 3.5% decrease from 2016’s
average of $26,720.
The Knot reported in its 2017 Real Wedding
Study the average cost of a wedding was
$33,391, a 5.5% decrease. A major reason may
be fewer formal weddings, from 20% during
2009 to 16% during 2017.
st
The 21 Century
Wedding Couple
As has been the case for a number of years, the
average marrying age continues to be
approximately 30. The Knot reports brides, 29.2
years, and grooms, 30.9 years, while
WeddingWire’s 2018 Newlywed Report states
average ages of 31 and 33, respectively.
WeddingWire’s 2018 Newlywed Report also
states 25% of couples met online, 54% dated
less than 2 years and 70% changed their name
to their partner’s.
During 2017, the average age of African
American wedding couples was 35, the most of
any of the major ethnic groups while the largest
percentage of couples who were living with their
partner prior to the wedding were members of
the LGBTQ community, at 85%.
The Nerve-Wracking Proposal
Millennials (presumably the men, primarily) put
plenty of pressure on themselves, as 72% think
their proposal should be highly unique and the
same percentage (somewhat surprisingly) ask for
parents’ blessing.
Additional pressure could be experienced,
because 75% of Millennials start their wedding
planning before they propose, 68% plan the
proposal in advance and 82% honor the very-old
tradition of kneeling.
According to WeddingWire’s 2018 Newlywed
Report, December continues to be the favorite
month for proposing, with Christmas Day the #1
day of the year. May and July are the second
favorite months, at 9% each.
“With this Ring…”
Unsurprisingly, a diamond was the most-popular
female engagement ring style during 2017, at
74%, according to Weddingwire, with a halo
setting, 53%; 1 to 2 carats, 50%; and a round-
brilliant shape, 23%.
GemFind, a jewelry industry marketing firm,
compiled more than 1.2 million data points from
online searches, which support the Weddingwire
findings: a round diamond was the most-popular
shape at 1.00 to 1.25 carats and a color of G
clarity VS2.
The three primary sources for this Profiler
reported significantly different average costs for
an engagement ring: The Wedding Report,
$3,402; Weddingwire, $5,000; and The Knot,
$5,764.
The Cost in Time and
Money to Plan a Wedding
The Weddingwire 2018 Newlywed Report
indicates a continuing shift from the traditional
June, or summer, wedding to the fall, with 38% of
2017 weddings during that season. Summer was
second, at 30%, spring third, at 23%, and winter a
distant fourth, at 9%.
Couples told Weddingwire that their top-5 major
wedding planning challenges were determining the
budget and number of guests, making decisions,
accounting for expenses, maintaining the planning
calendar and finding vendors.
Couples seemingly don’t estimate their wedding
budget very well, as Weddingwire reported 42%
underestimate the costs; venue and catering
accounted for 34% of their budgets; and parents
paid for all of 20% of Millennials’ weddings.
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