Personal Finance

A lavish wedding and ring may increase chances of divorce

Carolyn De Anda | E+ | Getty Images

A lavish wedding ceremony plus an expensive engagement ring is a recipe for divorce, according to a survey of 3,000 adults by Emory University economics professors.

The researchers believe the correlation comes from the increase in financial burden and stress that couples face regarding wedding debts, reports Daily Mail.

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To minimize divorce risk, spend no less than $500 to $1,000 for a ring—but no more than $2,000 to $4,000, the study suggests. Couples were 1.3 times more likely to divorce if they spent any more than that threshold. Those who spent less than $1,000 also faced higher divorce risk.

Keep wedding costs below $20,000; couples who spent over this amount were 3.5 times more likely to divorce.

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A wedding in the U.S. averages around $30,000, according to The Knot.

"Our findings provide little evidence to support the validity of the wedding industry's general message that connects expensive weddings with positive marital outcomes," the professors wrote in the study.

Read the full story on Daily Mail.