It’s a Nice Day for a Budget Wedding

Last week we took a look at how Millennials are approaching the wedding years—and how they could change the traditions of the big white celebration. Our infographic revealed that 60% say planning a wedding is too much work, and 45% say weddings today aren’t as important as they used to be. The rise of the big-budget wedding over the last few decades has made wedding planning, and major nuptial splurging a well-publicized part of Millennials formative years, and it looks like they might not be buying into the hype when it comes to planning their big day. 62% agree that weddings have become too big73% say they would rather have a small inexpensive wedding than a big expensive wedding, and a whopping 83% say that weddings today have become too expensive. It’s no wonder: In 2012, the average cost of a wedding rose to over $28,000—a hefty amount for a generation suffering from student debt and low employment, especially when 46% of them say that the couple paying for the wedding themselves is in style. The recession has made this group at least temporarily, if not permanently, budget-conscious. Though weddings won’t stop being big business anytime soon, a growing segment of young future brides and grooms are looking to more wallet-friendly options for their celebrations, and smart tuned-in brands are starting to respond. Here are some of the affordable wedding options that Millennials are beginning to tap into, from engagement to reception. 

THE RING

Fast Company  has called the traditional three-months’ salary engagement ring “a prehistoric idea“ for Millennials, who put more emphasis on having luxury experiences than owning luxury goods. Qualitatively, we see that more Millennials are turning towards vintage rings to cut costs. Another developing trend is the understated engagement…

 
 
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Millennial News Feed

Quote of the Day: “I was given ties and a vest this past holiday season.” –Male, 15, MO

Dove continues to be a leader in body-positive, girl power advertising, and they’re tackling a new beauty issue: curly hair. Their new ad begins by informing viewers that only 4 out of 10 curly haired girls think their hair is beautiful, so the call-to-action shows mothers and friends embracing their natural texture to inspire more confidence in young girls. The commercial features several females of color, promoting Dove’s message to encourage all women “regardless of race or ethnicity” to “embrace their curl type." (TimeAdweek

Millennials and teens want the marketing on their social platforms to match the content they already see there. To that end, Tumblr has handpicked a group of their site’s successful artists to join the Creatrs Network, which will help brands to create ads that fit in naturally on Tumblr’s GIF and image-heavy feeds. The group will work with advertisers to create nonintrusive ads that “its users never even notice,” and that are so attractive they will hopefully want to share. A small part of the Creatr Network works on “GIFing major events,” and Tumblr says that it has already paid $250,000 to these members. (The Verge)

15-year-old Ben Pasternak created the addictive mobile game Impossible Rush, which received over 500,000 downloads in six weeks, and now Google, Facebook, and Yahoo all want a piece of him. Patsternak stood out among the 450 Millennials accepted to Hack Generation Y, a hack-a-thon in which teams of young entrepreneurs create a product in a mere 36 hours. Pasternak’s team worked to re-code and revamp his social aggregator app One. The teen is one to watch in the tech world: he hopes to have an internship in the U.S. and said of his secret side project, “Watch out, eBay.” (Mashable)

Tapping into vloggers and bloggers has become a common, lucrative practice for brands looking to capture young consumers. L’Oréal Paris has launched “The Brush,” it’s first global video contest to find the digitally savvy new face of their brand. Beauty designers can upload a three-minute video demonstrating their talents to be judged by a panel of experts that will include popular YouTube beauty content creators. The brand is looking for a makeup artist that will help create shoots and beauty tutorials, represent the brand, and design high-end looks for everyday women. (Adweek)

The number of babies born to teens annually fell by 38.4% between 2007 and 2013, and while these numbers are obviously celebrated, the reasons for the drop remain a mystery. It is possible that a “perfect storm” of cultural, educational, and economical factors is responsible: Researchers point to high unemployment creating a climate that breeds more cautious behavior in teens, innovative sex-ed programs, and TV shows like Teen Mom as possible factors. The release of the iPhone may even receive some credit by making information on the internet more accessible, as well as driving kids to hang out less in real life. (Vox

Have some lingering questions about Millennials that you need answered for an upcoming meeting? That’s what Ypulse is here for. Silver and Gold subscribers have access to Ypulse's trend and Millennial experts for quick, personalized feedback on any topic. After each insights article, subscribers can submit questions and requests directly to our experts and receive instant responses. (Ypulse)

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