Study: Wedding Sticker Shock May Contribute to America’s Alarming Divorce Rate
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Of the 3,000 adults polled, it was discovered that men who set a limit between $2,000 to $4,000 for an engagement ring were 1.3 times more likely to consult with an experienced divorce attorney at some point in the marriage. Those who opted for a $500 to $2,000 price point remained in the marriage. Those who had a lower budget for engagement rings ranging from $0 to up to $500 also faced a higher instance of divorce.
Emory researchers then surveyed the female participants regarding the cost of the wedding itself. Statistically, women spending more than $20,000 on their once in a lifetime event were found to divorce at a rate 3.5 times higher than those who set the limit between $5,000 to $10,000. This may not be welcoming news for any bride to be since the average cost of today’s wedding is at least $30,000.
As the significant divorce rate remains a thorn in the side of all American couples, the Emory research team concluded their study does little to support the validity of the wedding industry’s extravagant price tag as a precursor to a couple’s "happily ever after."
If you are considering consulting with an experienced Lombard divorce attorney, the legal team A. Traub & Associates understands the importance of reaching a fair resolution at a cost-effective rate. To discuss your situation with one of our experienced attorneys, call 630-426-0196 today.![Illinois State Bar Association](/images/badges/gray_isba.jpg)
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