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You don’t need to spend two months’ salary on an engagement ring if it will strain your finances. Consider the costs and weigh the factors in this guide.
The average amount Americans spent on an engagement ring in 2023 was $5,500, according to The Knot. The most popular price range for wedding bands runs from $700 to $1,200, according to ...
You don’t need to spend two months’ salary on an engagement ring if it will strain your finances. Consider the costs and weigh the factors in this guide.
In 2008, despite the start of a recession, the price spent on the average engagement ring increased to $5,861. [22] In 2012, Americans spent about $7 billion on diamond rings. [23] The bride may additionally spend a few hundred dollars on a necklace or other jewelry to wear with her wedding dress. [22]
Scholarly research indicates that expensive engagement rings are associated with early divorces, possibly because spending more than US$2,000 on an engagement ring is strongly associated with debt-related stress. [31] Couples that spend less money on engagement rings and the wedding ceremony tend to have longer marriages and a lower risk of ...
In actuality, however, The Knot's 2017 Real Weddings Study found that the average engagement ring cost $5,764, while Brides' American Wedding Study 2018 reported that the average engagement ring ...
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