A recent survey by the Harris Poll has shown two-thirds of young Americans think an engagement ring should cost 5,680, 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 $less than $2,500. 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.
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.