
After dragging my boyfriend to watch Bride Wars with me and seeing how crazy some brides can be I was inspired to do some research on the wedding industry. In my research I found that the wedding industry in the US is worth approximately $270 billion. Where does the $270 billion come from? Well there are the essentials that every wedding must have: flowers, venue, dresses, transportation, catering, tux rentals, jewellery, hair, makeup, spa appointment, gym memberships... Moreover, according to one article brides are more likely to spend on home furnishings, cars, electronics, silverware, and insurance than non-brides. So long story short, brides spend a lot of money.
Going back to the days when I took macroeconomics I do recall that the only way for an economy to get out of a recession is to increase spending and one way to increase spending is to increase consumer consumption. That being said, brides may be able to pull our country out of its economic slump! Not only are brides spending but it forces their family and friends to spend as well! Guests of the wedding will have to buy an outfit and a gifts. Out of town guests will have to purchase plane tickets, hotel rooms and make restaurant reservation while they are in town; this would result with an increase in tourism! At the wedding you may meet someone special and you begin dating him/her as a result you increase your expenses on leisure activities and entertainment. You are now happy and in love a bomb could explode and you wouldn't care because you are in love. He/she proposes to you. Now you are the high spending bride, thus the cycle repeats. Weddings also cause several side effects which can also benefit society. Typically news of someone you know getting married will makes you feel happier and everyone knows that happier people are more likely to socialize and spend! With this all in mind encourage your friends to get married!!!!
Read more about brides :) http://findarticles.com/p/articles/mi_m4021/is_2001_May_1/ai_74303105/pg_1
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About me
Hello! My name is Melissa Chong and welcome to my blog. I am a recent graduate from the Sauder School of Business at UBC. To learn more about me please visit here

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