- 29
- May
An increasing proportion of newly married couples are developing financial problems due to the cost of their weddings, it has been revealed.
According to a report by the Daily Record, debt management counsellors have seen the amount of newlyweds struggling with their finances double over the past year.
The rise in financial difficulties was attributed to rising marriage expenses - with the average wedding costing some £18,000 about one in five are reported to be funded through personal Loans, credit cards and other forms of borrowing.
Spokesperson for The Debt Advisor Bev Budsworth told the publication: "Their new lives together are blighted from the start by debt.
"The wedding itself causes cracks in the relationship."
Meanwhile, a study by Prudential indicated women could be more likely to incur debt problems in later life as some 60 per cent of females are not saving any money into pension schemes, compared to 46 per cent of men.
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