Average Wedding cost increases to all-time high in United States
The Knot 2014 Real Weddings Study has found that the average wedding cost has touched an all-time high in the U.S. The survey collected data from 16,000 brides and grooms across the country and found that even with the reduction in guest list, the cost of wedding has increased.
The average cost of wedding in the country touched $31,213, according to the data collected for 2014. This marks an all-time high for the wedding costs with Manhattan ranking at the highest with $76,328. Utah and Arkansas were among the places with lowest wedding cost across the country.
The bride’s parents contributed nearly 43 percent towards the wedding expense. The groom’s family spends 12 percent of the wedding cost on an average and rest 43 percent comes from the bride and groom.
The Knot 2014 Real Weddings study found that 12 percent of the couples paid the entire expenses for their wedding. The data found that the number of average guests for weddings dropped to 136 in 2014 compared to 149 in 2009.
Kristen Maxwell Cooper, Deputy Editor of The Knot, said, "For one, more and more couples have friends and family coming from out of town and they want to show them a great time and make it worth their travels. The reception is a place for couples to show their personality and interests--so they may spend more on food and entertainment that reflect those."
With a hope to get back on track, restaurant chain...Read More
According to the statistics published by Yahoo-...Read More
According to an announcement made on Pokemon's...Read More
Both Sprint and Verizon agreed to pay $158 million...Read More