How much did the average wedding cost in 1945?
The average couple paid $2,240 in 1945 and $392.30 in 1935. In 2007, wedding expenses peaked at $28,732 and had since dropped to $26,000. However, these figures don’t consider inflation. As you probably know, inflation is the rate at which the price of goods and services rises over time.
Why are wedding costs going up?
The latest increases, to that extent, have been impacted by supply chain issues, the rising cost of gas, and other variables. Of course, these changes, like the average cost of weddings, fluctuate on the local and luxury levels.
How will inflation affect the cost of weddings in 2022?
As of March 2022, the annual inflation rate in the U.S. accelerated to 8.5%, according to a report from the U.S. Department of Labor. The largest contributors to the increase were from gasoline, shelter and food. However, the inflation rate has also impacted the cost of weddings in 2022. "What it boils down to is supply and demand," McMurray said.
What is the average cost of a wedding?
The average cost of a wedding in 2021 was $34,000, and that’s a national average that ranges with the type of event you choose to throw, where it’s held, along with the guest count. Much goes into planning a wedding, especially when the cost of basic needs has increased in the average US household at 8.5%.