Wedding season is upon us-and with it, insane expenses. We love love, but it’s a lot. And the cost can add up. A new report by Credit Karma reveals that 20 percent of Americans have gone into debt to attend someone else’s wedding. But the dent these events have made in participants’ budgets have a wide range. Credit Karma found that 21 percent of those surveyed have gotten between $500 and $1,000 in debt due to costs associated with the festivities, while for 5 percent, it totaled more $5,000.
So, what’s causing wedding guests to spend so far beyond their means? According to responses from 1,039 Americans ages 18 and up, guests feel an overwhelming pressure to show up to weddings they can’t always afford, and to impress the host and other guests. Credit Karma also found that the top five debt-causing expenses for wedding guests are gifts (58 percent), lodgings (44 percent), prewedding events and showers (43 percent), outfits (43 percent), and to-and-from travel (42 percent).
For people in the bridal party, there are additional expenses. Twenty-three percent of participants said they’ve gone into debt for a bachelor or bachelorette party, and millennials are the group most likely to be affected by it, with 35 percent of them having accrued debt from pre-wedding events.