The More Expensive a Wedding Is, the More Likely You Are to Divorce

Most couples who get married consider the wedding to be a significant event. Some folks insist on a lavish occasion that goes above and beyond. The typical American wedding cost $20,300 in 2020. In America, the median household income in that year was $67,521. Therefore, people only spend around a third of their annual income on weddings. But then you hear about those expensive weddings. Like Brad Pitt and Jennifer Aniston, who spent $1 million, Prince Charles and Princess Di, whose adjusted total increased by over $110 million, Kim Kardashian and Kanye West, who spent around $3 million, and Brad Pitt and Jennifer Aniston.

Those couples share more than just their high expenditures. They all got divorced since their expensive marriages had failed to provide them satisfaction. It turns out it's not just a celebrity thing, as study indicates that getting divorced is more likely the more money you spend on your wedding.

Engagement rings follow the same financial logic; the more expensive the ring, the less likely the marriage will endure. If your engagement ring costs between $2,000 and $4,000 as opposed to less than $2,000, your likelihood of being divorced increases by 1.3 times. You're 1.6 times more likely to divorce if your wedding spends above $20,000 as opposed to under $1,000. Based on data from 3,000 individuals, this. Don't give up if you're getting married and want to spend money. Really wonderful honeymoons increase the likelihood that a couple will remain together.