Parents often overspend on wedding expenses for adult children

Personal Finance

Engaged couples aren’t the only ones facing big wedding bills.

Even as brides and grooms pick up more of the tab for their nuptials, parents are often still on the hook for a big part of the budget. In 2016, just 1 in 10 couples paid for their wedding entirely by themselves, according to The Knot’s annual Real Weddings survey of nearly 13,000 couples.

Parents of the bride and groom collectively contribute about $19,000 to the wedding, or about two-thirds of the total cost, according to a new report from marketplace That breaks down to an average $12,000 from the bride’s parents, and $7,000 from the groom’s.

This spring, the site polled 506 parents, each of whom has a recently married child.

The shift in who pays for the wedding is coming from both generations, said Anne Chertoff, trends expert for WeddingWire. Couples are getting engaged later, when they have their own assets and income to spend — and they often want to have more influence over the planning, she said.

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