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Money, above all else, is probably the biggest source of anxiety for anyone out of college that doesn’t already make bank in a corner office (read: pretty much everyone). Student loans payment, escalating rent, and the weekly forty-dollar brunches — these things add up. And frankly, if you’re not constantly feeling poor as hell because you’re living a luxurious lifestyle well beyond your means, we’re probably not going to be friends.
Therefore, the news that men are forecasted to spend more than ever on engagement rings came as a huge blow to my lifestyle that revolves around me sitting at a computer pressing refresh every five minutes hoping to get a pair of $300 Yeezy Boosts that I’ll wear out in less than two months. Because per Bustle, it looks like everyone delaying their engagement while they establish themselves professionally is going to lead to more expensive engagement rings.
Millennials are postponing marrying until later in life, leading to a decline in weddings over the last 15 years.
However, a larger population of 20-39 year old people in upcoming years should serve as an offset to the wedding rate decline. Assuming the rate of weddings continues to fall by 0.7% over the next six years, weddings should remain relatively flat.
People who opt to get engaged later in life often have greater disposable income to spend on engagement rings, providing a natural comp tailwind for jewelry retailers.
This seems counterintuitive considering people between the ages of 20-39 aren’t getting married primarily because of financial reasons. Now there’s an expectation that we’ve gotta ball out on a diamond because we waited longer and might take down a little more cash per paycheck? Don’t get me wrong, but that extra cash should probably go towards the whole “not living paycheck-to-paycheck” thing rather than a diamond that has a 50% chance of ending in litigation.
Sure, it’s a pessimist’s point of view, but fuck. How am I supposed to afford Yeezy Season 4 if my fiancee is walking around with 3 carats on her left ring finger? Exactly. .
[via Bustle]
Image via Unsplash
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Will
Will (Twitter / Instagram) is the host of The Sunday Scaries Podcast.
@willdefries
@willdefries
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will@grandex.co
Things that hold their value better than a diamond:
1) A Porsche
2) A Timeshare
3) A Sailboat
I see you De Beers.
Poor Todd
I have to believe Todd will get out of there before she cons him into a ring.
Todd’s standing at the altar and doesn’t even notice
They say you’re supposed to spend three months salary on the engagement ring so I bought my wife’s while I was unemployed…
Buddy of mine was at the jewelry store recently getting something fixed and said he saw a guy customizing a ring on a touch screen. $2k base model that he got up to 16 grand after everything his fiance wanted. That’s a lot of goddamn Yeezy’s.
One of my friends recently got engaged, but went about ring shopping in the worst way possible…he just told his fiancee to go pick out what she wanted, and expected her to be reasonable. She picked out a $30K ring. His budget was like $8K. I give it a year, tops.
At that point you just have to tell her no, you can’t have that one and give her the budget. Can’t imagine what house shopping or restaurant picking or vacation selections are going to be like for your friend.
Getting those “subtle” hints about which engagement ring she wants gives me heart palpitations.
NUVA RING
Yeezy’s > engagement ring. (They’ll probably be worth more in the re-seller market down the road than the ring will be). Also, you could buy the ring now at a lower cost and stash it until Mrs. Right comes along and if she doesn’t come along, just pawn it to get more Yeezy’s
Some day you’ll learn that ‘s doesn’t make something plural.
Someday you’ll learn that (‘s) is possessive and Yeezy is a sudonym for Kanye West and these are his shoes. Literally no one calls them “Yeezies”
Rekt
BOOM roasted
Wait, is sudonym a slang term I’m totally unaware of or did you really blow the spelling that bad?
its actually spelled pseudonym…so yes they did you really blow the spelling that bad
Pseudonym*. You happy?
It would just be Yeezys. That’s akin to saying you bought some Jordan’s. Nope, just Jordans.
“more Yeezy’s” means you’re using a plural. ‘s doesn’t make that plural
And even more on the divorce
The key here is to tell her the budget before hand so things dont escalate out of control
Unless you wake up every morning with her mouth on your crank, then she don’t deserve shit!
TFM
I don’t think this website is for you.
Well that escalated quickly.
I lol’d
A lot of feminists on this site.