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Wedding Budgets Strain Under Inflation as High-Yield Savings Offer Relief
Wedding Budgets Strain Under Inflation as High-Yield Savings Offer Relief
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BTCCSquare news:
Couples planning weddings face a 24% cost increase since 2023, with average budgets now reaching $36,000 according to Zola data. Traditional savings accounts yielding 0.01%-0.38% APY are being outpaced by inflation, eroding purchasing power during the typical 12+ month saving period.
High-yield accounts now offer 4-5% returns—10-13x higher than standard options—while CDs provide rate lock protection against potential Fed cuts. This interest rate advantage could save couples hundreds on venue deposits, catering, and other expenses that now frequently exceed $20,000.
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