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Ceturtdiena 19.01.2017 | Name days: Alnis, Andulis
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Survey: residents prepared to spend up to EUR 1,500 on wedding

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU34% of Latvian residents are prepared to spend EUR 500 – EUR 1,500 on their wedding if it were to take place in the near future, according to results of a recent survey by Citadele and Snapshot.lv. The optimal number of guests, according to 44% of respondents is 10-30 people.

Every fifth respondent said they would spend no more than EUR 3,000 on wedding. 19% of respondents said they have no idea how much money they would spend on their wedding. 16% said they could organize a wedding for an amount no more than EUR 500. 6% of respondents said they would spend EUR 3,000 – EUR 6,000. 5% said they would spend more than EUR 6,000.

Survey results show that the smaller residents’ income is, the smaller amount of money they are prepared to allocate for their wedding. For example, 23% of residents with income up to EUR 300 per month would organize wedding for an amount that does not exceed EUR 500. At the same time, it is worth mentioning that 5% of respondents with income up to EUR 300 per month are prepared to allocate more than EUR 6,000 on wedding.

In regard to the number of guests, 44% of respondents believe the optimal number of wedding guests is 10-30 people. 29% of respondents believe it is reasonable to invite 30 to 50 people to a wedding. Both men and women have similar thoughts on this.

«The survey shows that residents are responsible and reasonable when it comes to wedding costs. They adequately allocate money to leisure without going over-budget. Wedding organization is one undertaking that often includes the use of loans. However, experience shows that loan amounts are considered very carefully by residents, so that the loan does not become a burden. Last year, the average consumer loan ranged between EUR 1,500 and EUR 2,000,» – as noted by head of Citadele Bank’s Private Finance Service Department Baiba Tetina.

In last year’s survey 15% of respondents noted that they would take a loan in order to afford a wedding. Respondents were mostly people aged 18 – 29 with high or medium-high income.

The survey was carried out on www.snapshots.lv. A total of 700 residents aged 18 to 74 participated in it.

Ref: 103.109.109.6782


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  1. linda says:

    that’s cheap! £14000 in UK.

    Thumb up 0 Thumb down 0

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