Wedding season is approaching and if you've recently received an invitation in the mail, bad news: the cost of going to a wedding is now nearly as expensive as being in the wedding party.
According to new data out this month from American Express, members of wedding parties expect to spend $618 on average. But attending the wedding as a guest isn't that much cheaper. This year wedding guests expect to spend an average of $592. That's up 10% from last year and up 75% from 2012. Most of that goes toward travel and hotel.
Plus guests expect to spend a little more than $100 on average per gift. Seventy percent of survey respondents agree though: great food is what makes a great wedding, and is the most important element of the big day, over music and entertainment and the venue.