"Rethinking the Big Day: Why Engaged Couples Are Scaling Back on Extravagant Weddings"
The wedding industry is experiencing a downturn as engaged couples are cutting back on lavish weddings due to elevated inflation and changing generational trends. The number of weddings is expected to decrease, with younger generations placing less importance on extravagant ceremonies. Many couples are opting for smaller, more affordable celebrations, leading to a decline in demand for nonessential wedding services. Small businesses catering to weddings are also adapting to the changing market by diversifying their offerings and finding new revenue streams.