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Couples are spending importantly much to get joined this year, with wedding-related spending rising 8.5% from a twelvemonth agone arsenic tariffs and broader ostentation propulsion up the outgo of everything from flowers to catering, according to a caller Bank of America Institute analysis of outgo data.
The leap successful spending reflects higher prices, which successful immoderate cases were driven higher by President Trump's wide-ranging tariff policies. Increased spending besides reflects broad-based inflation, which successful May jumped to 4.2% connected an annualized ground — its highest level successful much than 3 years.
Weddings are among the biggest fiscal expenses that couples volition face, with costs rivaling those of buying a car. In 2025, the mean wedding outgo $36,000, an summation of $3,000 from the erstwhile year, Bank of America said, citing information from registry tract Zola.
The Bank of America Institute survey analyzed customers' recognition and debit paper spending and slope transportation accusation to estimation spending connected wedding-related transactions specified arsenic venue rentals, catering fees, photography, florists and apparel.
To beryllium sure, wedding costs tin alteration greatly depending connected the benignant of juncture a mates plans, including its size, determination and more, the radical said.
Tariffs person go an unexpected wedding expense, helping thrust up prices for imported products specified arsenic flowers and cocoa, which is utilized successful chocolates and desserts. Businesses facing higher tariff costs often walk astatine slightest immoderate of those expenses connected to customers..
Where is wedding spending increasing the fastest?
Wedding spending by couples successful the South grew 5 times faster than spending by couples successful the Midwest, according to the report. The quality could bespeak determination cost-of-living differences oregon varying wedding styles, Bank of America Institute said.
Weddings among members of Gen Z person tripled since 2019, according to the Bank of America report, portion the fig of millennial weddings dropped by astir 20% implicit the aforesaid clip period. The information suggests that the milestone of getting joined whitethorn beryllium shifting to younger Americans, Bank of America said.
Some long-standing wedding traditions are besides evolving. More couples are choosing lab-grown diamonds implicit earthy stones, according to the report, suggesting galore are looking for little costly rings.
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