This study is certain to shock your assumptions at a time when the wedding industry is generating billions.
Many individuals believe in overspending on their weddings, whereas a percentage of couples have grown more mindful and realistic about their spending. According to the research, people who spend less money are more likely to stay together and have lower divorce rates!
Andrew Francis-Tan and Hugo M Mialon, economics professors, conducted the survey, which examined weddings and marriages of over 3,000 persons in the United States.
According to the CNN analysis, the more money you spend on your wedding, the more likely you are to divorce.
According to their paper, “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 as compared to spending between $500 and $2,000.”
The study also found that weddings that cost less than $1,000 have fewer chances of divorce compared with those who spend over $20,000 increasing the likelihood by 1.6 in the sample of women.
What about the honeymoon?
The expenditure on a wedding may not go down well but as per the study, spending money on your honeymoon is worthwhile! Taking a post-wedding trip is a good idea and it adds to lowering the chance for a divorce.
According to independent.co.uk, the professors also found that how important one another’s looks were in the decision to marry, also impacts the divorce risk.
“Reporting that one’s partner’s looks were important in the decision to marry is significantly associated with shorter marriage duration,” the media website quoted Professor Mialon as saying.
How about ditching that fairy entry, diamond-studded clothes, OTT food menu, and silver mandap? Would you be willing to go sombre? Would you rather have a court marriage and go for a larger-than-life honeymoon? What’s your take on it? Do share your opinions in the comments section below.
