WEDDINGS ARE GETTING BIGGER AND MORE EXPENSIVE. WHAT IS THE REASON FOR THIS?
IS IT A POSITIVE OR NEGATIVE DEVELOPMENT?
Nowadays, weddings have become a status symbol, turning them into an extravagant affair. This growing propensity can be attributed to several causes, but it does have favorable and unfavorable effects on people.
The primary motivation promoting this extravagance lies in many considering marriages to be a once in a lifetime event. Umpteen numbers, especially parents consider this as an opportunity to celebrate such rare occurrences with all the fanfare, and with the nuclear families becoming ubiquitous, the number of children per family have shrunk, turning tying nuptials into a rare occasion. This persuades the populace to go in for lavish marriage events. As per them, this helps create memorable moments that will become a part of nostalgia later, something to be relished by all in the family alike.
Nevertheless, this evolution is surely not something one can term as laden with benefits. It has been observed that people tend to spend their entire savings, or even take loans for making weddings more lavish. This can have a long lasting impact on their future as many times it becomes an uphill task to repay the debt, leading families into a vicious cycle of financial crisis.
To corroborate, this can be supported by citing the outcomes of studies carried out by eminent social theorists from across the world that have revealed that a major cause of bad credit standings owes to lendings for marriages that are hard to repay back. Many have been found sacrificing their other essential necessities to surmount the problems stemming from such spending.
Overall, big fat marriage events do look an attractive idea, but the aftermath of undertaking such endeavors can cause an undue stress of financial credentials and eventually affect the quality of life. Thus, I feel it is an unfavorable trend.
