Getting married?

If you are thinking about getting married, maybe you should consider not spending the two months salary on that engagement ring.  In a study done by Andrew Francis and Hugo Mialon at Emory in 2014 with a sample of around 3000 people, they found that people who spent between $2,000 – $4,000 on an engagement ring were more at risk for divorce as compared to those spending between $500 and $2,000.  Also, they found that there was a significant hazard of divorce for those who spent $20,000 or more on the wedding (those who spent $1,000 or less had a significant decrease in hazard for divorce).  Some other things that showed a decreased risk of divorce was a high wedding attendance and going on a honeymoon.

So, if you are planning on getting married, have a big, cheap wedding and go on your honeymoon.  You can view the study here… http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2501480

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