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Since then, it has surged to around $35,000.
However, the current administration has not made substantial changes in these areas.
Similarly, new tariffs may increase costs forgoods and servicesfrom flowers to catering.
More broadly, a presidents policies around taxes, tariffs and healthcare do sway costs, Klesinger said.
Inflation trickles down and drives up prices across the board, Camberato said.
However, the current administration has not made major legislative changes directly impacting weddings, Blain said.
When people feel optimistic, they tend to spend more freely on discretionary items like weddings.
Overall though, weddings are primarily based on industry economics, according to Klesingers professional opinion and experience.
Demand, seasonality, local competition and venue ratesare usually bigger drivers.
In recent years, we have observed an increase in various wedding-related expenses.
Additionally, the trend of micro-weddings is gaining popularity.
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