Do Brits still spend three-months-worth of wages on an engagement ring? It seems this ‘unwritten rule’ is becoming a thing of the past…
Do you agree that an engagement ring should cost an average of three months’ worth of wages? Some says it’s been an unwritten rule for decades, and yet according to a new survey, these days people are actually spending less.
The report, which comes from online gift shop Hipper, revealed that the average Brit now spends £1,042 on an engagement ring, which is 0.57 times the monthly wage and equates to roughly 12 days work / 98 hours of pay.
It was also found that partners in specific cities are more generous than others, with those in Belfast being the biggest spenders, splashing out an average of £1,567. Gloucester then follows as the second most generous city, with an average spend of £1,350.50.
At the bottom was Norwich, who apparently fork out an average of £614.10 for a ring, while for Worcester, who placed second from bottom, came in at £675.50.
“We believe there is more and more pressure to splash out on an engagement ring,” said a spokesperson from Hipper. “And we think the three-times-monthly wage ‘rule’, which originated from an advert in the 1970s, should be banished. Engagement rings, like wedding rings, are personal; no one can tell you how much you spend.”
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