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'The Instagram Generation': Millennials and Gen Z spending over $100,000 on weddings. What are your thoughts?
In today's age of social media and 'keeping up with the Joneses', more and more couples are choosing to spend large sums of money on their wedding.
For some, like the Original Poster's (OP) niece and her long-time boyfriend, this means setting a budget of $100,000.
‘It shocked me to hear the amount. Until now, it still boggles my mind how two young adults can spend this amount on a wedding,’ the OP mentioned.
She continued: ‘We, the elders, counselled against it. Arguing that half of this amount is best put into their mortgage. But they have this vision of a wedding and nothing would change their minds.’
Some younger couples are spending up to and over $100,000 for the perfect 'instagram' wedding. What do you think? Source: OpenAI
It's not just the OP who is struggling to understand the high cost of weddings in the 2020s.
‘Getting up to 50k is pretty standard these days and I’d say all my friends would have spent 30k minimum,’ one comment said.
‘The whole system is designed to extract money out of you,’ another person wrote.
So, has the minimum cost of a typical wedding really increased by THAT much, or is it just a matter of perspective? Some Redditors blasted the couple:
‘I find that unthinkable and I earn well above average, my “wedding” will be just signing the papers at the town hall or whatever the place is, I’ll spend like 5k for a party with close friends and 10-15k on the honeymoon and that’s it, maybe I’m cheap, my [soon to be] wife agrees so we are good using our money wisely,’ one person said.
A further comment echoed this sentiment, writing: ‘Couples shouldn't spend more than they can afford on a wedding just to impress their guests. Weddings, like most other visible goods, are a little bit gauche if you spend money on them and then splash them everywhere on your socials. To me, it screams “secretly poor” when people do this.’
Another user praised the virtues of an 'elopement wedding', stating that they spent just $2,000 on their 14-guest ceremony, $1,500 on their reception dinner, and $6,000 on their dress, suit and rings.
‘We were considered cheap and the black sheep!’ they wrote, however, showing how expected it is these days to throw an expensive, lavish party.
Other users were less scathing, pointing out that the cost of a wedding is an individual thing - and couples should spend what they can afford without making any lifestyle sacrifices.
‘I think as long as the couple can easily afford it (i.e. pay for it without making any lifestyle sacrifices) I have no issues with it,’ one comment said.
‘You've not given a huge amount of context like the venue, number of guests, food/grog package, all things that make a difference to the cost. If they're getting married in a Sydney wedding venue, with 100+ people, good quality suppliers (hair, food, flowers, band, photographer, videographer, etc), then yeah, $100k is about right,’ said another.
At the end of the day, it's up to the couple to decide how much they want to spend on their wedding, but if you ask us we think a modestly priced wedding makes a lot more sense, with the amount saved going towards paying down debts being the sensible option.
We previously covered the story of one bride-to-be who sacrificed her health to afford a lavish wedding. It’s certainly a concerning trend.
What do you think is a reasonable amount to spend? And if it’s not too personal a question, what year did you get married and how much did you spend? Let us know in the comments!