EDT As weddings become more elaborate, guests send more regrets The real reason guests are declining your wedding invite The average cost per guest of attending a wedding hit $703 last year. When it comes to your wedding day, its not all about you. If a lot of invited wedding guests are ducking out before your big day, there may be a simple reason: Its not that they dont like you, its that they dont like your budget. Friends and family of marrying couples are increasingly put off by the rising costs of weddings. Some 40% of wedding guests have skipped out on attending a ceremony due to its cost, a survey by travel website Priceline found. The site, which obviously has a vested interest in people booking trips, surveyed around 1,000 millennials in February. The cost of weddings has dramatically risen each year since the recession. In 2016, the average cost per guest of attending a wedding hit $703, up from $673 in 2015 and more than double what guests spent in 2012, according to the 2016 American Express Spending & Saving Tracker . Most people attend three weddings a year on average, it found, and millennials planned to spend 27% more than the general population at $893 per wedding. The average ceremony excluding a honeymoon now cost an average of $35,329, up from $32,641, according to the most recent data from TheKnot.com wedding website. Have a dedicated savings account solely for wedding-related costs, said Erin Lowry, author of Broke Millennial: Stop Scraping By and Get Your Financial Life Together .

For the original version including any supplementary images or video, visit http://secure.marketwatch.com/story/the-real-reason-guests-are-declining-your-wedding-invite-2017-04-03/print?guid=345ED2FC-18B0-11E7-906E-47017AA7F512

Advertisements