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This question is about wedding industry statistics.
How much do millennials spend on weddings?
On average, millennials spend way less on their weddings than older generations. Millenial's views on the cost of engagement rings are a good example of this.
While engagement rings tend to cost an average of around $3,500 to $4,000, millennials prefer that their engagement rings fall more into the $100 to $999 range.
One survey found that millennial women agreed with this mentality. 90% of millennial women said that an engagement ring should cost no more than $2,500.
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