Many newlyweds are asking for home buying help instead of gifts, according to a new LendingTree survey.
Among homeowners married in the last two years who made a down payment, 48% asked for money to help pay for their down payment in lieu of wedding gifts. Others (71%) received help from their parents to pay for the wedding and/or the down payment.
“Wedding gifts used to be dinnerware, silverware, candlesticks and other things that would sit in a box or cabinet and maybe get used once a year,” said Matt Schulz, LendingTree chief consumer finance analyst, in a statement. “Now, there’s less stigma in asking for money toward a down payment or a honeymoon. That’s good for the newlyweds, and it’s good for those giving the gift because they know their gifts won’t be stashed and collect dust.”
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
