The Economics of Being a Wedding Guest

www.bloomberg.com

The price of other people’s happiness is climbing, as gifts, parties, travel and clothing expenses pile up. With wedding season approaching, it’s time to start saving your pennies. Attending nuptials for friends or family this year will put you out hundreds—or even thousands—of dollars. A nationally representative survey of more than 2,000 people by website Bankrate.com found that members of the wedding party spend an average of $728 on gifts, travel, attire and everything else associated with someone else’s happiness. Attendees in the Northeast spend even more: an average of $1,070 for the shower, the bachelor or bachelorette party and, finally, the main event.

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