What are the reasons for higher wedding costs in 2026?

Inflation and tariffs are driving up costs for flowers, food, and services.

Did the report mention specific spending figures?

The available summary did not include specific figures, but noted a significant increase in spending.

Bank of America Report: Couples Spending Record Amounts on Weddings in 2026

A Bank of America Institute report shows that couples in 2026 are spending record amounts on weddings, driven by inflation and tariffs that are raising costs for everything from flowers to catering.

July 4, 2026

2 min read

Source: Benzinga

A report from the Bank of America Institute (BAC) shows that couples are spending significantly more on weddings in 2026, as tariffs and inflation push up the cost of everything from flowers to catering.

Details

According to the report released this week, wedding-related spending has risen sharply compared to previous years. The report attributes this to tariffs on imported goods such as flowers and fabrics, as well as higher labor and food costs.

Context

The report comes amid ongoing inflationary pressures in the U.S. economy, affecting various consumer sectors. The wedding industry is seen as an indicator of discretionary spending by households.

What This Means for Investors

Higher wedding spending may indicate consumer resilience despite inflation, but it could also raise concerns about reduced savings and increased consumer debt. The impact on Bank of America itself is limited, as the report focuses on consumer behavior rather than the bank's financial results.

Frequently Asked Questions

The report was released by the Bank of America Institute.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.