Monday 21 April 2008

Italian wedding costs soar

Couples may be in for 'nasty surprises', consumer group says
(ANSA) - Rome, April 18 - Happy couples in Italy are forking out the equivalent of two years' salary to pay for their wedding day, a report by consumers' association Federconsumatori revealed on Friday. As this year's wedding seasons kicks off, the price of tying the knot in Italy has increased by 40% in the last seven years to an average of 27,000 euros.

Federconsumatori said it based its calculations on around 100 guests attending ''a normal, tasteful ceremony without any extravagances, including an excellent meal and a beautiful dress''.

But couples opting for a full Hollywood-style bash were stumping up around 47,900 euros, the association added.

''Despite profound social changes, marriage still retains its fascination,'' the association said. ''But to avoid nasty surprises, its important for the couple to work out if they have sufficient funds''.

The biggest outlay remains the wedding meal, which in Italy tends to be a massive, multi-course marathon that can keep guests at the table for up to eight hours.

While the number of diners and the type of restaurant can temper costs, the average sit-down dinner with friends, relatives and acquaintances leaves the bride and groom out of pocket to the tune of 10,000 euros, according to Federconsumatori.

The traditional tiered cake topped with plastic figurines will set the happy couple back an additional 300-600 euros, while spending on bags of sugared almonds given to each guest as a memento adds up to around 1,200 and 2,500 euros.

The report showed that while brides are spending between 2,500 and 5,000 euros on a wedding dress and veil, the cost of dressing the groom is no longer far behind.

Men eager to look their best are stumping up around 2,000 euros on a suit, plus another 250 euros on shoes, the association said.

Couples are also investing in fancy underwear for the occasion - the bride spends between 200 and 500 euros, while men cough up between 80 and 120 euros for wedding-night briefs.

Also adding up are the rings (400-1,000 euros), musical entertainment (1,000-1,800 euros), videos and photos (3,500-5,000 euros), car hire (700-1,200 euros), floral decorations (400-1,000 euros) and the wedding bouquet (150-500 euros), the association said.

The spending is not over once vows have been pledged and the meal is over and done with, however: newlyweds are now paying out an average of 3,000-5,000 euros for a honeymoon - up from 2,000 euros in 2001.

The report may go some way to explaining why marriages are on the decline in Italy - according to national statistics bureau Istat there were 250,000 weddings in 2005 compared to 419,000 in 1972.

Wednesday 9 April 2008

Pleasure seekers

Leisure

Apr 9th 2008From Economist.com
ICELAND spends proportionately more on culture and recreation than other rich countries, with private and public spending together touching 10% of GDP. Its government lavishes over twice as much as others on providing sports, arts and recreational facilities for its citizens. Britons splashed out most on household items such as tickets to sports and arts events, CDs and DVDs, gardening and pets. Generally, wealthier countries devote more disposable income to leisure pursuits; Ireland is an exception.
AFP