Couples who spend money for their honeymoon instead of luxury weddings will tend to be happier for longer than couples for a luxury wedding.
Planning for a dream wedding can be very expensive, but the reality is, the less expensive the wedding, the longer the marriage is likely to last.
While wedding-themed magazines and diamond trading companies have traditionally built wedding figurines, the researchers conclude that the opposite holds true for long-term marriage.
To this conclusion, economists Andrew Francis-Tan and Hugo M Miedon surveyed 3,000 married people and found certain traits that increase the likelihood of divorce.
According to the study, the amount spent on engagement rings and weddings is inversely proportional to the durability of marriage. People with engagement rings priced at $ 2,000 or more tend to be more divorced.
“Specifically, for example, it is shown that men spend $ 2,000- $ 4000 to buy engagement rings are 1.3 times more likely to be divorced than $ 500 to $ 2,000,” he said.
The amount spent on the wedding proofs how your marriage is going to be. People those spend money less than $ 1,000 can be divorced 1.6 times less than those who spend over $ 20,000
Researchers also find a factor that affects the risk of divorce, which is “how important it is when deciding to marry.”
“The importance of matrimony in the decision to go to marriage is particularly relevant to the shortcoming of marriage,” said Professor Mialon.
However, not all wedding expenses have a negative effect on marriage. While the wedding ring and wedding cost are not good for later life, the cost of honeymooning is especially important in reducing the risk of divorce.
So instead of sloping for a luxury wedding, try for a simple wedding and couples may consider saving for a romantic honeymoon. It will create a good bond between two couples.