Wedding guests cut spending on gifts
Wedding gifts have taken a hit with the average cost down 34% compared with 2 years ago
A recent study has revealed that wedding guests have cut the amount they spend on gifts for the bride and groom by 34% in the last two years.
The hefty reduction in the cash being splashed on wedding gifts is almost certainly in direct response to the economic downturn, although a number of other factors are said to contribute to the slashing on spending by wedding guests.
We reported earlier in the year that the cost on average for attending a wedding in 2010 has risen by £10 in the last 12 months, and now stands at £290. The biggest contributors to the rising cost include transport to the wedding venue, overnight accommodation, and also a new outfit for the nuptials.
Another reason why people are spending less on gifts is that close friends to either the bride or groom are usually expected to attend the hen or stag do as well. These pre-wedding celebrations can be expensive, and therefore guests may be feeling the need to cut back on gifts to keep the cost down.
According to the survey, which was conducted by moneysupermraket.com, the average spend on a wedding gift was £28.26, which is a drop of £14.65 compared to two years ago when the average spent was £42.91.
The study, which polled 3,000 for the results, also revealed that wedding guests in Scotland were the most generous, spending on average £40 each on gifts, followed closely behind by Londoners who spend £30. Wedding guest in Yorkshire spent the least, with the average cost of a gift here coming in at £23.15.
The over 55’s are more likely to spend over £40 on a gift for the bride and groom, whereas those aged 18-24 spent the least at £24 each.
Short URL: http://www.wedding-news.co.uk/?p=978
Posted by Amy Reid
on Jun 28 2010. Filed under All News, General News.
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