Fox Business
Expand
Browse All Video
Watch Live

You're watching...

The Cost of Saying 'I Do'

Details

  • Description

    The Knot editor-in-chief Carley Roney breaks down how the economy impacts wedding spending.

  • Duration 2:59
  • Date

Clips

Also in this playlist...

Latest Video

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

So lesson of this average cost of -- wedding.

Last year 2011 with more than 27000.

Dollars.

The first increase.

Since 2000 NA a weak economy please explain that caller how pretty she is co-founder of back -- group the company behind the not.

And wedding channel dot com how is that possible is the economy improving that much.

Or is it again at brides.

Are willing to spend every and three dime that they have on their -- I'm not.

Our surveys -- extensive survey every year of although went weddings -- America are citi's showing of people and just.

Basically last year two things one they were sick of waiting to get married their families -- kind of like let's go for it.

And that they really did feel more -- about the economy so -- could take more risk with -- With taking on a little bit more debt as well as and dipping in more to their savings and having the wedding.

That they have been you know dreaming up so they do feel better about the economy and though wedding is showing what but how -- you.

Seeing shifts in what they're spending money on -- you saying.

Wayne Rogers for example at clients out can talk about the average price of -- wedding dress and sometimes you'll see.

The prices go down but that's where they start saving money in order to spend an ounce of -- for the average cost of what investors actually been staying flat where people are kind of picking up a section of the cost per head people are spending more on the perception that -- -- actually.

And more on things like photography getting the memories out of the day.

But other areas they do conserve like you know not as many party -- you know wedding favors being Don the entertainment there.

You know opting for the high praise DJ and -- the band but still saving money they have doesn't I was just gonna.

We substances even and you -- my big fat.

Gypsy wedding -- the new TV show that's on -- Although one of the reasons -- consciousness into just 1000 color to wedding dresses these girls are well do you music -- last remaining big cultural ritual in our country.

And among many and ethnic groups as well -- absolutely it is what you save in what you focus on.

If you think about it it's the only time isn't far flung families get together and to people I think it kind of the family reunion.

And it's a way to kind of show off on -- are you know how much you care about your -- entertaining an ultimate form but.

I gave you -- on the not you can have an amazing wedding for 5000 dollar to an amazing what a fair.

Fifty for a 150 but -- -- one of the things we focus on really is is giving you the idea is no matter what your wedding budget -- That's what's critical as an entrepreneur or Oracle's of the times you continue to grow in new avenues of blushed as you've you're getting ready for launch the -- tell me about it well our network has everything from getting married having babies and we know that every woman no matter what part of -- life stage she is in.

Is obsessive actually looking good every day as well also blush is all about fashion beauty solutions.

Beta carry from your big events after every day it's down into secrets.

I can't way thank you so much kinda great to see you welcome back any time but -- not -- and saving grace for when you write to me Connell there you go are coming up some great interviews says about.

Load More