Wednesday, May 30, 2007

The Ever Increasing Cost of Weddings

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Survey: Bridal spending tops $125 billion; parents less likely to foot ballooning bill.
May 20, 2005: 4:38 PM EDT
By Grace Wong, CNN/Money staff writer

NEW YORK (CNN/Money) - Engaged couples can expect to hear more than the "bling bling" bouncing off the bride-to-be's ring -- they'll also hear the ka-ching of the cash register as the average cost of a wedding soars to $26,327, according to a new survey.

A total of $125 billion -- about the size of Ireland's GDP -- will be spent on 2.1 million weddings in 2005, according to the "American Weddings" study conducted by The Fairchild Bridal Group. Fairchild surveyed more than 1,000 brides.

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