According to the last ING International Survey study, nearly two thirds of Luxembourg residents (59%) claim they prefer to invest money in a house rather than spending it on a wedding celebration.
Having a closer look at the figures, residents with Luxembourg nationality are more in favour of that than foreign residents (64% against 55%).
As a consequence, Luxembourgers are really close to the European average (60%), compared to Germany (46%) and Spain (70%).
In relation to young married couples financing their wedding (these last 5 years), one European citizen out of 3 (33%) has come into debt as a consequence against only one Luxembourg resident out of 6 (16%).
The Grand Duchy is one of the countries where people who are about to get married are a minority to go into debt, after France (13%), Austria (12%), Belgium (8%) and the Netherlands (5%).
This low percentage can be mostly explained by the support received from family (24% for Luxembourg against 16% for the European average) or by the fact that one couple out of 7 (14,4%) saw the ceremony totally financed by family or friends, compared to 8% for the European average.
Finally, if we take the point of view of the guests invited to the ceremonies, two thirds of the Europeans surveyed (62%) consider the costs linked to the ceremony (travel, presents…) are too high, compared to 48% for Luxembourg residents. In this respect, there is again a significant difference between nationals (43%) and foreigners (60%), who are closer to the European average.
