Average wedding guest spends nearly £700 on celebrations
The Money and Pensions Service (MaPS) found that each guest averages a spend of £692, including travel and accommodation, new clothes, and presents.
Most guests attend three celebrations annually, accumulating costs of more than £2,000.
This expense is significantly higher for people aged 25 to 34 who attend six celebrations per year, with their costs rising to nearly £4,500.
In Wales, the strain of these expenses is no less significant.
Wales manager at the Money and Pensions Service Lee Phillips said: "Attending a wedding or civil partnership can put a strain on your finances, as the cost of gifts, travel and accommodation, new outfits, and childcare can really start to add up, especially as celebrations can go on for 2-3 days.
"To support managing your money around expensive milestones, use MoneyHelper – particularly ahead of the spring and summer which is considered the peak season for these celebrations."
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Average wedding guest spends nearly £700 on celebrations
The Money and Pensions Service (MaPS) found that each guest averages a spend of £692, including travel and accommodation, new clothes, and presents. Most guests attend three celebrations annually, accumulating costs of more than £2,000. This expense is significantly higher for people aged 25 to 34 who attend six celebrations per year, with their costs rising to nearly £4,500. In Wales, the strain of these expenses is no less significant. Wales manager at the Money and Pensions Service Lee Phillips said: "Attending a wedding or civil partnership can put a strain on your finances, as the cost of gifts, travel and accommodation, new outfits, and childcare can really start to add up, especially as celebrations can go on for 2-3 days. "To support managing your money around expensive milestones, use MoneyHelper – particularly ahead of the spring and summer which is considered the peak season for these celebrations."
