In the U.S., the average cost of a wedding is around $30,000. That’s pretty expensive to be spent for one day.
Good news for those who prefer the cheaper route, though. Studies show that you'll be more likely to stay together. According to a research, the more expensive the wedding is, the greater chance of it failing.
Conducted by economic professors Andrew Francis-Tan and Hugo M. Mialon, results reveal specific things that increase the couples’ chances to head on to splitsville.
Involving 3,000 married people, the professors discovered that the price of the engagement ring and the overall cost of the wedding actually play a significant role in the marriage duration.
"Specifically, in the sample of men, spending between $2,000 and $4,000 on an engagement ring is associated with 1.3 times greater hazard of divorce as compared to spending between $500 and $2,000," the paper reads.
Moreover, study shows a huge decrease in the probability of a divorce if a ceremony costs less than $1,000. On the other hand, the likelihood for divorce for a wedding that costs more than $20,000 increased to 1.6 times higher.
The researchers made it clear, though, that the cost of one's honeymoon doesn't play a significant factor in the duration of a couple's marriage.
Based On Materials From Shared