Tuesday, January 06, 2015

Want your marriage to stick? Invest in it rather than in the wedding


This does not bode well for the typical Orthodox Jewish wedding. Though I don't have any real hard figures, generally Orthodox Jewish weddings entail parties of a couple of a hundred people and can easily top $35K for a modest affair and go far above $50K for a more "balabatish" one.  
Francis and Mialon surveyed more than 3,000 people — all of whom have been married just once — and found that across income levels the more you dish out on the Big Day, the shorter the marriage. Now, that’s a raw deal. 
  • Guys, investing between $2,000 and $4,000 on an engagement ring means you’re 1.3 times more likely to get divorced compared with the more frugal fellows who only allocate between $500 and $2,000.

  • For both sexes, spending more than $20,000 on the wedding ups the odds of divorce by 3.5 times compared with couples who keep it between $5,000 and $10,000.

  • For the best odds, though, keep the festivities to less than $1,000.

Related: http://kallahmagazine.blogspot.com/2009/05/you-dont-have-to-be-jewish-to-spend-lot.html

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