Recent research has shown that Americans are increasingly delaying their marriages until they are financially stable, and a new study suggests that Canadians are doing the same.
A recent Bank of Montreal survey of married and married couples in Canada found that 67% of Canadian couples are delaying their marriages due to financial priorities.
Does this seem like a relatively new phenomenon? Only 31% of those who married within the last five years and 15% of those who married more than five years old said they had postponed marriage because of finances.
The survey respondents' main financial concern was the cost of housing, followed by employment status and total debt. To manage their wedding budgets, 65% of respondents said they plan to have a smaller wedding, 59% said they will make their own decorations or invitations and 50% will have a friend like DJ or photographer.
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