Toronto, ON – February 6, 2013 – A recent study by RATESDOTCA, Canada's independent financial rate comparison site, has uncovered startling evidence that, despite what troubadours and beat poets may tell us, love DOES indeed cost a ‘thing’… in fact, many, many ‘things’. The sweetheart study crunched the costs associated with a romantic relationship from wooing to weddings and has determined that the list price of love is a wallet whopping $43,842.08!
To determine love’s perilous price tag, the research team came to a consensus on the basic elements of a modern relationship, then undertook extensive analysis into those hard costs to determine a final tally. Since all relationships are unique, median costs and timelines were used for the calculations.
The following is a breakdown of the ‘cost of love’ (based on a one-year courtship, one-year engagement, and average costs for a wedding in Canada):
“We’re having a little fun with this, but all kidding aside, money problems are the most common reason for break ups*,” said Kelvin Mangaroo, President of RATESDOTCA. “It’s important for couples to have common financial goals, and to share a strategy for achieving them before committing to a long-term or lifelong relationship.” RATESDOTCA has also prepared an infographic further illustrating the financial effects of romance, which can be viewed here.
Source: The Vanier Institute of the Family: Divorce: Facts, Causes & Consequences, Dr. Anne-Marie Ambert