dcsimg

AmEx: Wedding guests become more frugal in 2012

By , CardRatings contributor
  • Google +
  • Twitter
  • Facebook
AmEx: Wedding guests become more frugal in 2012

Even though brides and grooms sweat wedding expenses the most, new research from American Express shows that a wedding invite could cost many consumers as much as a night on the town. The latest edition of the American Express Spending and Saving Tracker studied wedding experiences of 1,500 consumers. Among their findings: The average guest spends $339 to watch their friends and loved ones say "I do."

Fortunately, it appears that a new frugality among engaged couples has trickled down to wedding guests over the past year. Last year's survey estimated the average wedding guest spent $490 on gifts, new clothes, childcare, parties and transportation. Falling prices at hotels and restaurants may make it less expensive to get hitched, but affluent consumers told AmEx researchers that they increased their spending on jewelry, accessories and pre-wedding get-togethers. Researchers found that members of the wedding party spend about $40 more than most invited guests.

Gift registries eat half of guests' budgets

Survey respondents told American Express researchers that they plan to spend an average of $166 on gifts for close family members or friends, nearly half of their anticipated budget. Even though just 18 percent of couples prefer receiving gifts from their retail store wedding registries, 34 percent of consumers lean on those registries to make their gift selections. Researchers found that more than half of Americans admit they'd rather receive cash or gift cards at their receptions instead of physical gifts.

Couples may need to use some of that cash to pay for food. Both men and women in the survey agreed that catering should get the biggest slice of the wedding budget. Venue fees, entertainment expenses and wedding cakes also earned top attention from the survey participants. Women placed extra emphasis on budgeting extra cash for a wedding dress, flowers and a bar.

0 Responses to "AmEx: Wedding guests become more frugal in 2012"

No Comments

Leave a Comment
 
 
 
About Our Ratings ×

Our editors rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of our editors, and not influenced by any remuneration this site may receive from card issuers.

Advertisers in our database are highlighted, and advertisements include an option to apply using links on our site. CardRatings.com may be compensated by companies mentioned on the site when a user's application is accepted or approved by such companies.

How do your cards stack up?

Compare your card starting here

NEXT »

Featured Partner Cards

loading