Saturday, August 7, 2010

Wedding Bells

On July 31, 2010 Chelsea Clinton, daughter of former U.S. President Bill Clinton and U.S. Secretary of State Hillary Rodham Clinton, married Marc Mezvinksy.

Costs of the wedding have been estimated at $2 to $5 million with extravagant prices for everything from flowers, cakes, tents and even high end portable toilets.

Did you know, though, across the country wedding expenditures have decreased significantly. According to theweddingreport.com, over the last five years, wedding costs peaked in 2007 with the total market value of all wedding items estimated at nearly 63 billion. It was lowest in 2009 at just over 42 billion, a decrease in overall spending of one third. This dropped the average spent per wedding in 2009 to $19,581 from $28,732 in 2007.

The recession has hardly slowed down the amount of weddings, though, as estimated weddings decreased only 1.5% to 2,152,000 in 2009 from 2,186,000 in 2007.

View more information on Chelsea's wedding or statistics from theweddingreport.com.

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