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NerdWallet: Half of Americans Plan to Attend a Wedding as a Guest in 2022
New study finds guests are juggling the wedding boom, rising costs, and COVID concerns SAN FRANCISCO--(BUSINESS WIRE)-- NerdWallet, Inc. (Nasdaq: NRDS), a
About this update from Nerdwallet, Inc.
[{"type":"text","content":"\nNew study finds guests are juggling the wedding boom, rising costs, and COVID concerns\n\n SAN FRANCISCO--(BUSINESS WIRE)--\nNerdWallet, Inc. (Nasdaq: NRDS), a website and app that provides consumers and small businesses with trustworthy financial guidance, found that half (50%) of Americans say they plan to attend a wedding as a guest in 2022. NerdWallet’s Wedding Guest Study, published today, found that while many Americans plan to attend a wedding as a guest this year, just less than a third (31%) have built wedding attendance costs into their budgets this year and about 4 in 10 Americans (39%) say they have skipped or considered skipping a wedding because they could not afford to attend.\n\nIt’s going to be a big year for weddings — and wedding guests. After more than two years of cancellations and re-bookings due to the COVID-19 pandemic, couples are ready to tie the knot surrounded by their family and friends, which means a flood of invitations will hit mailboxes.\n\nIn a new NerdWallet survey, conducted online by The Harris Poll of more than 2,000 U.S. adults, we asked Americans how much they expect to spend to attend weddings this year, how they plan to pay for those costs and the biggest factors in deciding whether or not they will attend, including concerns about COVID-19 and rising costs due to inflation.\n\n\"With couples eager to make up for lost time, we’re seeing an unprecedented wedding boom, which is also triggering a wave of wedding-related expenses for guests. But by thinking through your budget and planning ahead, you won’t have to miss out,\" says Kimberly Palmer, a personal finance expert at NerdWallet.\n\nAdditional key findings from the study include:\n\n\nPeople weigh a variety of factors when deciding whether to attend a wedding as a guest: The three biggest factors cited in choosing whether to attend are the closeness of their relationship to the couple (51%), how far the wedding is from home (47%), and the cost of travel and lodging (43%).\n\n\nGuests are nearly split on whether wedding attendance will cost them more than $500 this year: Half of 2022 wedding guests (50%) anticipate spending $500 or more on all weddings they will attend this year combined, and nearly 1 in 5 (19%) think they will spend $2,000 or more on them.\n\n\nCash and credit cards are the two most popular ways wedding guests pay ...