Findings from a study revealed that more expensive a wedding or an engagement ring meant a higher chance of divorce. Pic Credit: Canva
Weddings are meant to be a celebration of love and commitment, but they can also be a cause of financial worry and strain. How much does the expense of a wedding influence marriage longevity? According to a study conducted by economics professors Andrew Francis-Tan and Hugo M Mialon, spending more on a wedding and an engagement ring may increase the likelihood of divorce, while spending less may decrease it.
The study, “A Diamond is Forever’ and Other Fairy Tales: The Relationship Between Wedding Expenses and Marriage Duration,” examined data from over 3,000 married persons in the United States. According to the study, the more money a couple spends on their wedding, the more likely they are to divorce.
Spending between $2,000 and $4,000 (Rs 1.6 -3.3 lakh) on an engagement ring is related to a 1.3 times increased risk of divorce in the sample of men than spending between $500 and $2,000 (Rs 4.1k). The study reported by CNN also discovered that weddings costing less than $1,000 (Rs 83k) have a lower chance of divorce than those costing more than $20,000 (Rs 16.6 lakh), with the latter raising the likelihood by 1.6 in the sample of women.
The study, on the other hand, discovered that spending money on a honeymoon is related to a lower likelihood of divorce. Taking a post-wedding trip is an excellent decision, as it helps to reduce the likelihood of divorce. The researchers also discovered that how important one another’s looks in the decision to marry influences the divorce probability. “Reporting that one’s partner’s looks were important in the decision to marry is significantly associated with shorter marriage duration,” said Dr Mialon according to independent.co.uk.
The study by Francis-Tan and Mialon calls into question the widely held idea that spending more money on a wedding and an engagement ring shows commitment and affection. Instead, data implies that spending less may be more advantageous to a marriage’s long-term success. The study also emphasises the significance of taking a honeymoon and being less materialistic when selecting a partner. The researchers hope that their findings may help couples make more informed and sensible wedding and marriage decisions.
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