Wedding industry in the United States
This includes clothes, flowers, music, and many other elements that are a part of the ceremony, reception, honeymoon, and bachelor and bachelorette parties.
[4] In 2019, the average cost of a wedding in the United States, not including the honeymoon, was $25,000[1] – an overall decrease compared to studies done in previous years.
According to researchers, this dip in cost is likely due to a decrease in formal or black tie weddings, and an increase in "nontraditional locations".
[5] Costs also declined during and after the COVID-19 pandemic, as restrictions on large gatherings promoted virtual events, microweddings, and lower-cost or free venues such as their own homes or backyards.
[4] The mean cost is useful for professionals and salespeople in the wedding industry, as it helps them understand the budgets of people who are spending the most, rather than for the typical person.
Their research found that DJ's, photographers, and florists routinely charge more money for services related to a wedding than those for a party of the same size.
Other things potentially covered by wedding insurance include lost deposits as a result of vendor bankruptcy, cancellation due to illness, injury, military service or extreme weather and third-party or liquor liability claims.
A multi-day event held out of town, however, can cost hundreds or even thousands of dollars per person, like any other vacation trip.
[14] This money may go towards things such as renting a venue, flowers and other decorations, the officiant, the wedding planner, and invitations to the event, as well as music played before and during the ceremony.
The number of guests, quality of the food and drinks, location, and who plays the music can all symbolize the wealth and presumed status of the newly weds.
This can lead to couples or parents spending an excessive amount of money and even putting themselves into debt to pay for the wedding.
[25] Celebrities like Donald Trump and his wife Melania Knauss spent an approximated amount of US$1 million on their wedding.
[26] But this is nothing compared to Liza Minnelli and David Gest's wedding that was estimated at 3.5 million dollars, and then the couple divorced the next year.
