Grooms want to spend less and brides want to spend more, study finds
The global recession has turned the spending habits of grooms and brides upside down as grooms now want to spend less while brides want to splash the cash, reports wirralonline.com.
That’s according to research from John Lewis Insurance, cited by telegraph.co.uk. It suggested that before the credit crisis in 2007, men wanted to spend more than their brides-to-be on their wedding day.
John Lewis interviewed 1,044 engaged people in 2007 and another 2,030 people in 2012 regarding their wedding spending habits. It found the average groom five years ago wanted to spend £7,790 on their wedding, while their other half wanted to spend just £5,600.
However, the tables have officially turned as men now want to spend £7,060 while their brides would be willing to splash £8,380 on their wedding day.
In addition, grooms want to rein in spending for every aspect of a wedding, cutting their stag do bill from £214 to £141. However, brides are upping the ante, including doubling the price of their wedding reception venue. The price of a hen do has increase tenfold from £91 to £901.
John Brady, head of commercial at John Lewis, said the study has highlighted the true reactions of males and females to the economic downturn.
“While grooms are tightening their belts, brides want to spend even bigger,” he said.