Lavish weddings are not as desirable as they used to be.

Lavish weddings are not as desirable as they used to be. As the average cost of a wedding hit $30K in 2023, businesses are worried about the lack of events that may come out of this. It is also becoming a lot more common to have a small wedding with just a few friends and family, within a budget. (Millennials are actuallydriving this trend). But this is leading small businesses—and even large businesses—that cater to weddings to worry about their future. (CNN)

📊 YPulse data: 74% of 13-39-year-olds agree, “I would rather have a small inexpensive wedding” compared to a big expensive one