Current Events Economics - General

Prince William, Kate Middleton, and Nuptial Economics

Nearly 23 million Americans watched a British Prince and his fiancee get married last week.  Yet you don’t have to be royalty to enjoy a luxurious wedding.

In the U.S., the average wedding costs about $30,000.  Weddings in India are well known for their extravagance.

“India’s legendary nuptial shindigs risk emptying not just the country’s wallets, but its bellies too. In February the food minister estimated that close to 15% of all grains and vegetables in the country are wasted through ‘extravagant and luxurious social functions’, such as lavish wedding banquets.”

On the other hand, other countries are trying to reign in spending on nuptials.

“…the Afghan authorities have been considering a proposal to limit the boom in weddings, sombre affairs under the Taliban. The suggested limit is 300 guests and a few dollars per head.

…Wedding laws in Tajikistan now maintain that only one course may be served.”

When do wedding festivities excess become excessive.  Like love, the answer is in the eye of the beholder.


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