There’s an old adage that says it’s good luck to have “something old, something new, something borrowed, something blue” on your wedding day. The “something borrowed” once may have been a veil or a piece of jewelry, but for many of today’s couples, it’s a loan from the bank. With each passing year, the cost of the average wedding rises, and today it’s sitting at an astonishing $31,000 – honeymoon not included. With the current economy already being tough enough on young people, why are so many couples mortgaging their future for a single day?
It could be because marriage has gone from being a humble rite of passage to a billion dollar business. From the way weddings are portrayed in bridal magazines and TLC reality shows, it feels as though the lavish trappings that were once reserved for the very wealthy are now compulsory for everyone – whether they can afford it or not.