By Paul Pannone
eWedNewz continues our investigation of how the recession delayed weddings and caused the current spending changes, while an ongoing Poll says wedding activity is up. In December eWedNewz started a poll that asked if marriage would rebound. Currently only 15% of respondents said marriage will return to pre-recession levels while over 60% feel marriages will stabilize or decline at a slower rate than they’ve been.
Presidential incumbent, Barack Obama, is losing the very segment of voters that got him elected to his first term.
In July, 2011, eWedNewz asked wedding experts if the wedding business is in a degenerative state at a time when the economy was still struggling with less cause for optimism. Since then Wedding Water Cooler members raised their outlook, as reported wedding activity is up from a year ago.
So where are we now?
Some Wedding Water Cooler members say there is a backlog of weddings directly linked to the bad economic factors. The myth that weddings are recession-proof has long been dispelled but love springs eternal, as reports of an increase in wedding activity continues to be heard. Some feel the increased in wedding activity is linked to the improving economy. According to wedding Water Cooler members a sour economy kept couples together. But the improving economy could be leading to partners splitting and remarrying quickly. It’s agreed those weddings are smaller and spending less than traditional first-time weddings. But the part of the market is tiny compared to the real age demographics for weddings.
According to the Washington Examiner the age range for first-time marriages are delaying the key factors associated with weddings. Disenchanted with the current state of the economy the Washington examiner says;
“Obama, who won 66 percent of the 24 million voters age 18-29 in 2008, has seen that support slashed.”
According to the story:
44 percent are delaying buying a home.
28 percent are delaying saving for retirement.
23 percent are delaying starting a family.
18 percent will wait to get married.
eWedNewz continues our investigation into why sources in the wedding business are experiencing higher activity, contrary to the Washington Examiner story.
Why do you think that is? Please weigh in.
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