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Divorce issues may stem from overpriced weddings

Tuesday, June 27, 2017

Brides and grooms planning weddings in Texas often justify the expense by saying they are making memories to last a lifetime. However, recent studies show that the opposite may be true. In fact, the cost and stress of a lavish wedding may actually be the beginning of divorce issues.

Research shows that couples are spending on the average of $30,000 on a wedding and reception. Finding a unique gown, venue, flowers and photographer may be just the beginning of some fairy tale ceremonies. Apparently, spending more on a wedding may mean the marriage is more likely to fail. According to a university study, those couples who spent less than $1,000 on their nuptials were less likely to get divorced. Spending more than $2,000 on an engagement ring also raised the likelihood of divorce.

Some speculate that going so deeply into debt for a wedding places stress on a new couple. Additionally, advisors suggest that couples already struggling with student loans should be more frugal with their wedding plans. One researcher reasoned that student loans are an investment that may increase the likelihood of earning a higher income, but an expensive wedding does not offer that potential.

Probably not many divorcing couples in Texas would cite their wedding day as a reason their marriage ended. However, there is a strong possibility that the stress of managing family finances took its toll on the relationship. Money trouble is one of several perennial divorce issues, and a couple starting out with debt from a lavish wedding may set the stage early. It may be true that memories to last a lifetime can be made at the simplest wedding ceremonies.

Source: CBS News, "Planning a dream wedding? Curb costs if you want to stay married", Kate Gibson, Sept. 15, 2016

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