What do you think of this trend? Some couples are PASSING on expensive engagement rings, and opting to spend the money on a vacation instead. (It’s not even an early honeymoon, it’s an “engagement-moon”?)
According to a new report, 65% of Americans say that engagement rings have “evolved from a traditional symbol of love, to a financial burden.”
On average, people think an engagement ring should cost around $10,600, which, for some, is actually less than the old adage of “three months of salary.”
The people in the survey bring in an average of $62,100 per year. And 25% of that, or three months, is about $15,500.
That’s a big chunk of change, and 26% of Gen Z’ers would rather pass on a pricey ring and just use the cash to go on a trip together.
25% of those people say they’d just get matching tattoos instead, even tattooed “rings.” It’s also become trendy to get modern bands made of silicone, wood, or titanium, rather than going the gold and diamond route.
And it sounds like even the future mothers-in-law don’t care.
About HALF of younger Americans say they feel more pressure from “social media” and “society” to have an expensive engagement ring, than from their own family or their partner.
