Disclaimer: No, I’m not engaged! I just let my snark out a bit and thought some readers might enjoy my sass about saying no wedding!
Receiving a piece of mail that wasn’t a bill, a jury duty summons, or an offer from a credit card company used to be an exciting occasion for me. These days, it’s usually painful and expensive. Now that most bills are handled online, only two things come in the mail for millennials: birthday cards and wedding invitations. Anyone serious about saving money wouldn’t want to be responsible for the latter.
Millennials — as a generation — are in debt. This is a well-known, over-analyzed, consistently reported on fact. To be more specific, the average millennial carries about $29,400 in student loan debt, according to a New American Foundation’s Student Debt Review. That’s only $1,047 more than the average wedding budget, reported by a 2013 survey from The Knot and WeddingChannel.com.
Strictly based on the numbers, it’s fiscally irresponsible for an average millennial to have an average wedding. But let’s start at the beginning.
Read the rest over on DailyFinance!
If you’re a fan of the Stacking Benjamins podcast – which you need to be – then be sure to download today’s Short Stack or hop over to the site and hear my take on doing taxes alone or hiring a pro!