Standing up to saying “no”
- Americans are finally starting to say “no” and staying home because they just can’t bear the cost of yet another social celebration. In the last two years, 1 in 3 said “no way” to at least one friends event because of cost. The most absented trips were 1.) bachelor or bachelorette parties, 2.) gender reveal parties, 3.) trips with friends. Two of those events are the type where costs can spiral out of control, fast.
- Wedding and bachelor/bachelorette parties remain money sucks and Americans are catching a resentment: One in three Americans regret going to those events of their friends because of costs.
- Still, obligation rules: 41% of Americans have gone to at least one of their friend’s milestones events despite not being able to afford to go. Sometimes you just have to.
- Suit up and show up, darling: some obligations are more important than others and simply must be dealt with: only one in five Americans chose to miss out on their friend’s weddings.
For those that pay, how do they do it?
In the end, for those who drag themselves to the event, you know they’re not taking out their checkbook at the end of the night. A full 76% of Americans add to their credit card debt or borrow from a friend or family member to attend their friends’ celebrations such as graduations, weddings, bachelor or bachelorette parties. They’ll worry about the bill later, while they resolve never to attend another wedding or bachelor party again.
How do the events stack up?
- The next big cost and obligation of having friends and celebrating with them is wedding. If you’re a member of the wedding party, prepare to shell out $273, plus an extra $201 is you’re attending the bachelor/bachelorette party. If you’re attending as a regular old guest? Dig $148 out of your wallet.
Americans are pretty much over other peoples’ weddings
Here’s a sharp truth about weddings (possibly your own one day).
- One in three members of the wedding party regret attendings because of the money they had to spend
- One in five guests regret attending for the same reason
Events you might actually go to
- Friend’s baby showers (21%)
- Friend’s winter holiday parties (18%)
- Friend’s Thanksgiving (18%). “Friendsgiving” has become increasingly popular in recent years, and according to the survey, 3 in 4 Americans attended one, at the cost of just $61.
Choose your celebration carefully. After all, 28% of Americans have regretted going to an event because of cost.
“Her sense of being not quite enough had continued through Evelyn’s early 20s, especially once she moved to New York City. Evelyn tried to love New York and sometimes did when she was wearing heels and perfume and hailing a cab on Park on a crisp fall night. The city hummed in a way her Maryland hometown never had, and the taxis were hard to get because everyone had somewhere to go, and it was invigorating. And then it became grating: The taxis just became hard to get.”
“She’d learned how to live in New York. She knew now never to eat lunch from the hot bar at Korean delis, never to buy shoes from the brandless leather joints that popped up in glass storefronts in midtown… Yet she wasn’t living a New York life. She’d spent most days plodding to work and home from work without moving her life ahead.”
Life isn’t one endless party, event, or soiree. Sometimes, it’s fine to stay home and save some cash, no matter who you offend.