Weddings are expensive, even for guests.
A recent survey found that 43 percent of people have declined a wedding invite because of financial reasons.
American Consumer Credit Counselingconducted the poll and found that people between the ages of 35 and 54 were most likely to decline a wedding invitation.
The poll also found that more than 92 percent of respondents would turn down an invite to another event because of money constraints.
“With the average cost to attend a wedding reaching nearly $600, it’s no surprise that Americans are thinking long and hard before replying yes to an invitation,” Steve Trumble, president and CEO of American Consumer Credit Counseling, said in a prepared statement. “Although being invited to celebrate a couple’s big day is a generous and thoughtful gesture, it shouldn’t mean racking up a hefty credit card bill that could take months to pay off.”
But some people-36 percent of respondents-said they would willingly go into debt to go to a wedding.
“Many people often feel pressure to attend a wedding for a friend or family member even if they don’t have the financial means to do so,” Trumble also said. “This is why it is absolutely critical to plan ahead and use budgeting and money management tactics to avoid relying on a credit card for unforeseen expenses, such as attending a wedding or other event.”
According to 2013 American Express survey, bridesmaids and groomsmen can expect to spend an average of $577 to be part of a wedding.