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With regards to placing a hoop on it, youthful generations are saying sure, however for much less.
Two-thirds of youthful Individuals — Technology Z and younger millennials — suppose an engagement ring ought to price lower than $2,500, according to a new survey from TD Ameritrade.
That’s about half of the nationwide common. The common engagement ring within the U.S. prices $5,680, in response to The Knot’s 2018 Actual Marriage ceremony Research.
Girls throughout all age teams mentioned they suppose an engagement ring ought to price much less, in response to TD Ameritrade’s research.
Millennials usually tend to foot the invoice for their very own weddings, the survey discovered. 4 in 10 members of that era mentioned they plan to pay their very own approach.
That could be excellent news for folks, 93% of whom mentioned they anticipate to contribute to the massive day.
It is necessary for all {couples} reaching such an enormous monetary inflection level of their lives to do not forget that communication is essential, mentioned Chris Bohlsen, director of investor providers at TD…
