A recent survey by the Harris Poll has shown two-thirds of young Americans think an engagement ring should cost less than $2,500, which is much lower than the average actually spent. The Knot's Real Wedding Study in 2018 found the real average spent on an engagement ring is $5,680. One in four Americans said they have decided not to get married, while only 7% of millennials said they plan to pay for their own weddings. However, 40% of parents said they do not expect to contribute to the cost of their offspring's wedding.
A recent survey by the Harris Poll has shown two-thirds of young Americans think an engagement ring should cost less than $2,500, which is much lower than the average actually spent. The Knot's Real Wedding Study in 2018 found the real average spent on an engagement ring is $5,680. One in four Americans said they have decided not to get married, while 40% of millennials said they plan to pay for their own weddings. However, only 7% of parents said they do not expect to contribute to the cost of their offspring's wedding.