Study: How Much to Spend on an Engagement Ring to Avoid Divorce
We’ve done a fair amount of discussion here at Who What Wear lately about how much money you should be spending on an engagement ring, but it turns out that your wallet might not be the only thing that benefits from opting for a more budget-friendly bauble.
A really interesting new study completed by two Emory University economists—titled “The Relationship Between Wedding Expenses and Marriage Duration”—reveals that the amount of money you spend on an engagement ring directly correlates to how likely you are to get divorced. Specifically, the survey of 3,000 people revealed that people who spend between $2,000 and $4,000 on a ring are a whopping 1.3 times more likely to get divorced than people who spend between $500 and $2,000.
Interestingly, you might think that spending less than $500 would decrease the risk of divorce—such caution with finances would seem to bode well for a relationship’s foundation—but the opposite is true. Researchers found that people who spent less than $500 were actually just as likely to get divorced as people who spent more than $2,000.
Check out the full study here. It’s an absolutely fascinating look at how engagement and wedding finances can have major impacts on the future of your relationship. And keep scrolling to shop some pretty engagement rings—all between $500 and $2,000—now!
De Couer 14k White Gold 3/4ct TDW Diamond Solitaire Engagement Ring ($889)