The era of the big fat (Greek) nuptials might finally be over, much to the dismay of the bridal industry. More young couples are choosing to have a small wedding to cope with rampant inflation…
But how is the wedding industry reacting to this change?
Shift To Small Weddings
No one is safe from post-pandemic inflation, and the wedding industry is no exception…
COSTS FOR THE AVERAGE CEREMONY HAVE GONE UP AS MUCH AS 30% SINCE 2020
In response, many young couples are wondering whether their dream 200-person event is even possible in this day and age.
Instead, couples are choosing to put off having their dream wedding, elope…
Or choose to have a smaller service instead.
As one of the young newly-weds put it, “It didn’t make sense to spend an entire down payment on a wedding.”
While wedding traditions have been changing with new generations…
Many of these cost-conscious couples are choosing a more DIY avenue for their small weddings…
Making floral arrangements…
Invites…
And centerpieces themselves.
As much as engaged couples might want to cut corners where they can, the biggest price increase that isn’t going down anytime soon is labor.
The big day is notoriously labor intensive, but following the pandemic…
Prices for nuptial services skyrocketed.
Photographers that used to cost $50 an hour are now charging over $200 an hour.
However, companies are taking a look at this trend in small weddings and trying to accommodate this growing niche…
Jewelers are stocking more lab-grown diamonds…
And shops are stocking shorter, cheaper bridal wear.
Happily Ever After…?
Even before the pandemic, the marriage rate in the United States has been steadily falling for the past 20 years…
And financial anxiety is definitely not helping inspire confidence in young couples…
Leaving them with smaller guest lists for their small weddings.
But until inflation cools…
The dream of a fairy tale wedding might just remain a dream for most looking to get married.
Be Great,
GCTV Staff
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