Historically, the average cost of a wedding gift has varied depending on several factors, including the location of the wedding, the relationship between the gift giver and the couple, and the gift-giving culture of the region or community.
According to a survey conducted by The Knot in 2019, the average cost of a wedding gift in the United States was $120, up from $111 in 2018. However, it is important to note that this figure represents the national average and may not be representative of all regions or communities in the US.
Another survey conducted by Bankrate in 2019 found that wedding guests spend an average of $245 on a gift, with close family members spending more than friends or acquaintances. However, it is worth noting that this figure may be skewed by high-spending outliers, and the median gift expenditure reported in the survey was $100.
It is also important to consider the trend towards alternative forms of gift-giving, such as cash gifts, gift cards, and charitable donations. According to The Knot’s survey, cash gifts were the most popular type of gift in 2019, with 54% of couples preferring cash over other types of gifts.
Furthermore, the rise of online wedding registries and crowdfunding platforms has made it easier for couples to request specific gifts or financial contributions towards their honeymoon, home down payment, or other expenses. This may also impact the average cost of a wedding gift, as guests may choose to contribute to a larger, collective gift rather than purchasing individual items.
Overall, while there is no definitive answer to the average cost of a wedding gift in 2023, it is likely that it will continue to vary depending on several factors, including the region, the gift-giving culture, and the preferences of the couple. As always, the most important thing when giving a wedding gift is to consider the couple’s wishes and budget, and to give from the heart.
