How much do Millennials spend on engagement rings?
Today, many women often earn more than men, while couples are often saddled with student loans and other debts. This may be why the majority of Gen Z-ers and millennials think spending somewhere between $100 and $2,500 is appropriate.
How many carats should an engagement ring be?
In the United States, for example, the national average for an engagement ring is around one carat. In the United Kingdom, it’s 0.6 carats, and in Europe it’s even smaller, hovering at 0.5 carats.