How the Business of Weddings is Changing with the Times
From bridal shops to reception venues and more, weddings are big business. Whether you’re part of the wedding party or simply attending the event you can expect to shell out some serious coin.
Business contributor Rebecca Harris revealed some facts that show weddings are changing.
One of Harris's discoveries was that June and September are now the most popular months for marriage.
"15% of US weddings take place in each of those months. It used to be summer time but as you can see from a day like today, people are really selecting to get married in cooler months."
The cost for weddings is also at a record high as Harris reported the average cost of a wedding in the United States is $30,000. With these rising costs the wedding business now makes up $40 billion of the economy.
Among other changes are the ages of the people getting married. The average age of a bride is 29 while the average age of a groom is 31 and Harris noted, "It used to be much younger."
Another major change is the increase of destination weddings, which now make up 24% of all weddings. But as Paul Guggenheimer pointed out this increase in destination weddings means a higher cost for the guests.
Check out these websites and ideas for keeping wedding plans local: