If you are collecting on an unpaid credit card debt for a member of the Millennial generation and you manage to get that individual on the phone, you may want to ask whether they liked the band or if there was a DJ, because there is a good chance the reason they are behind on the bills is because they went to the wedding of a close friend or family member.
What is the old saying? You won’t go around the corner for a good cause, but you’ll go halfway around the world for a good time?
More than half of millennials (53%) said it was worth it to go into debt in order to be able to attend a friend’s wedding, according to a survey conducted by TD Ameritrade. Of the 47% who said it would not be worth it, 30% said it would “definitely” not be worth it to go into debt to attend a wedding.
If tapping the credit card is not an option, then the next most likely scenario for Millennials is to borrow they money. The survey found that 60% of Millennials would likely borrow the money from their parents or guardians or a family member to be able to attend the nuptials.
Millennials may not be able to afford homes, but it appears as though they have their priorities straight.
