A recent survey by Harris Poll on behalf of Redfin found that 38 percent of millennials (ages 18 to 34) say that they would – or actually have – delayed a wedding or honeymoon so they could save for a down payment to buy a home.
Moreover, many young adults say they will delay marriage to avoid having to pay for a wedding and a new home within the same year. They are committing to purchasing a home first, then tying the know.
Of course, a prime reason is simply the cost of weddings these days, which according to TheKnot.com, rose to an astronomical $29,858 last year.
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