Wedding Guests Spend £900 Annually
Brits are spending on average, £900 a year to attend family or friends weddings, new research shows, as the world focuses on the forthcoming wedding of Prince William and Kate Middleton this Friday.
The costs which amount to this figure come from £111 on accommodation per wedding and travel expenses, £106 on clothes, £81 on wedding gifts, £63 during the reception, and £91 on the night of the stag or hen do. This hits £452 in total, but on average the nation attends two weddings a year, bringing the total cost to £904.
The research by Halifax Savings reveals sleep arrangements costs the most when attending a wedding, while clothes are another top priority.
“The research clearly shows that wedding guests are spending money in order to be part of their friend or family member’s special day, but it can be costly when you add everything up,” commented Flavia Palacios, Halifax Savings products head.
“So that you can afford the wedding season in your life, it is important to have a regular, established savings habit in place.”
Men were shown to spend £118 on new attire while women only £98. However, 39 percent of men do not spend anything on new clothes, compared to 17 percent of women who do.
Men also spend the most on wedding gifts, on average dishing out £90, compared to £72 the average woman spends.
Scots are the biggest spenders, spending £514 per wedding on average when attending one.
Although, the research shows five percent of the nation has never been to a wedding before, this figure rises to 19 percent of the 18-24 year old group.
Almost a third of Brits however have attended at least one wedding in the last 12 months, while 37 percent have not. And 29 percent of people have not been to a wedding in the last five years.