Just in time for wedding season, a new report found that 35 percent of bridesmaids and 30 percent of groomsmen were forced to spend big on a pal’s wedding, to the point of going into debt. Worse yet, 43 percent of maids of honor and 38 percent of best men said that their special role required them to spend more than they had.
In a survey of over 700 Americans, both men and women agreed that they felt pressured to spend big on wedding party expenses, the report states. According to the findings, 58 percent of bridesmaids and 43 percent of groomsmen said that the final cost of celebrating a friend’s marriage made them feel fiscally queasy. More specifically, 32 percent of bridesmaids reported money woes involving the nuptials strained their friendship with the bride-to-be.
From exotic bachelor and bachelorette parties to travel, multiple showers, formal attire, gifts and more, costs can add up dangerously fast – with 37 percent of respondents polled admitting that theyve declined wedding invitations altogether due to costs.
Weighing in on the study, psychologist Heather Z. Lyons said that she often hears clients lamenting the financial toll of attending weddings in therapy sessions. “This is so tricky because drawing a financial boundary [in a wedding party] can be interpreted as a lack of support for the union or can draw unwarranted scrutiny on spending habits,” Lyons commented on the report – and the delicate topic as a whole.