Wedding guests will spend $109 on average on wedding gifts, but they’ll spend more or less depending on how they know the couple. (Photo: American Express/Business Wire)
New York, April 24, 2014 (Korea Bizwire) – More than 67 million Americans plan to attend at least one wedding this year, and they expect to pony up more money to attend, according to the latest American Express Spending & Saving Tracker. This year, guests expect to spend an average of $592, up 10% from last year and a staggering 75% jump from 2012, with most of the budget going to travel & accommodations ($308) and special attire and accessories ($164).
Guests are not the only ones splurging: although most couples still vie to keep wedding costs under control (72% vs. 74% in 2013), many will spend a little more to do a little less as the DIY trend declines, down 5 percentage points from last year.
Source: American Express Spending & Saving Tracker. (via BusinessWire)
