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Another reason millennials can’t afford homes? Other people’s weddings

Be careful about how often you decide to travel to celebrate the special brides and grooms in your life — it may cost you your first home.

The average bachelor party costs each attendee $1,532 and the average bachelorette party $1,106, including accommodation, nights out, gifts and travel, a new study from real-estate site Zillow found, and millennials attend an average of three such parties a year over the course of their peak wedding-attending ages. Going to three such parties over a three-year period amounts to $13,788 spent on visiting marrying friends, or 24% ($56,000) of the down payment on an average home.

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