Economics Professors Andrew Francis-Tan and Hugo M Mialon have conducted a survey of 3000 married people where he indicated that the more cash spent on an engagement ring, the more likely the relationship was to end in divorce – especially once the cost of the ring exceeds more than £1,500.
According to them, one of the standout conclusions says: ‘Specifically, in the sample of men, spending between $2,000 and $4,000 (£3,000) on an engagement ring is associated with 1.3 times greater hazard of divorce as compared to spending between $500 (£376) and $2,000’.
He added that, weddings which cost under £753 showed a significant decrease in the likelihood of divorce, while weddings that cost over £15,000 were 1.6 times more to do so.
It’s not that hard to imagine that if you’re able to and want to pay out for the dream fairytale wedding, all your energies might be in that and not, perhaps, the actual relationship iv, while weddings that cost over £15,000 were 1.6 times more likely to collapse.
Once all the dust settles (and after months of focusing on that one big day), it might follow that couples find there’s very little substance left.
